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There continues to be enormous excess supply in the housing market; the overall vacancy rate is at an all-time high. Existing home sales jumped 10.1 percent in October, while the Case-Shiller 20-City Index showed a rise of 0.3 percent for September, its...
Tags: vacancy rate, annual rate, percent annual, housing market, Las Vegas, Price indices, Consumer price index, Urban economics, Renting, Real estate, Business Finance, Real estate pricing, Affordable housing, Real estate economics
October’s credit numbers for the 16-country region show borrowing by business contracting at an even faster rate than in September – which had seen the first year-on-year fall in bank lending to the private sector since the launch of the euro in1999.
Tags: banks lending, businesses contracting, ECB, annual rate, private sector, United Kingdom, London, External Commercial Borrowing, Business Finance, Central bank, Monetary policy, Euro, Late 2000s recession in Europe
U.S. new home sales rose 6.2 percent in October after dropping a month ago, the Commerce Department said Wednesday. Economists predicted an increase of sales to 407,000 new homes on a seasonally adjusted annual basis. Sales rose from 405,000 in September...
Tags: Commerce Department, sales rose, seasonally adjusted, adjusted annual, annual rate, U.S, sales rise, Washington, Business Finance, Entrepreneurship, Sales, allnews, Business process, Seasonally adjusted annual rate, Lehman Brothers, Reuters, New Home Sales
Economists surveyed by Thomson Reuters expect that new applications for unemployment benefits dipped to 500,000 last week, from 505,000 the previous week. The four-week average for claims posted its 11th consecutive decline last week, falling to 514,000,...
Tags: consumers spending, annual rate, Simi Valley, Recessions, Stock market crashes, Economic disasters, Unemployment, Business Finance, economics, Labor
Share This World markets rallied sharply Monday amid positive U.S. economic data and an upbeat projection for U.S. economic expansion. The beleaguered U.S. housing market got a boost last month as Americans rushed to purchase homes ahead of an anticipated...
Tags: U.S, annual rate, world market, highest level, Washington, Uptick rule, Unemployment, Recessions, Business cycle, Macroeconomics, Business Finance
The number of Canadians receiving federal jobless benefits rose 7.1 percent on a monthly basis in September to 818,000, Statistics Canada reported Tuesday. Disbursements of Employment Insurance increased by 54,300 after two months of declines, the report...
Tags: National Association of Realtors, tax credit, million unit, sales jump, annual rate, U.S, sales surge, previously owned, Canada, Ottawa, Recession, Employment law, Unemployment benefits, Alberta, Labor, Business Finance, Business cycle, Macroeconomics, United States housing market correction, United States housing bubble, Subprime mortgage crisis, Recessions, Economic history of the United States, Real estate pricing, Real estate broker, Interest rates, economics, Mill, Numismatics, Real estate bubble, Real estate, Lawrence Yun
GM’s top sales analyst says U.S. auto sales in November could top an annual rate of 10.8 million for the first time year besides this summer, which was helped by the Cash for Clunkers rebates...Executive Director of Market Analysis Mike DiGiovanni says...
Tags: annual rate, sales analyst, auto sales, U.S, Detroit, Buick, Cadillac, Pontiac, Chevrolet, Car manufacturers, General Motors, GMC, Business Finance, Rebate, Spam, E-mail spam, Edmunds.com, 111th United States Congress, Car Allowance Rebate System, Transportation in the United States, Renting, GMAC, Business law, Contract law, Leasing
Home builders initiated construction of far fewer new homes in October than the month before, a big and unexpected drop for the struggling industry, according to a government report issued Wednesday. Homebuilders began construction at an annual rate of...
Tags: annual rate, housing start, Mike Larson, Atlanta, Business Finance
Consumer credit fell in September for the eighth straight month, the longest streak of declines since the Federal Reserve started keeping records in 1943. Total consumer borrowing fell a seasonally adjusted $14.8 billion, or 7.2%, to $2.456 trillion in...
Tags: Federal Reserve, consumers borrowed, straight month, eighth straight, borrowed fell, annual rate, consumers credit
U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out. The Labor Department said on Thursday that...
Tags: annual rate, fastest pace, percent annual, U.S, labor costs