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U.S. home construction rose in October
US home construction rose again in October following September’s strong surge, the Commerce Department said Tuesday in a further sign of recovery in the housing market. Housing starts rose 3.6 percent from October, surprising analysts who had expected a fall after the big September jump. The government trimmed its September…
Could you live in 150 square feet? Cities try out micro-housing.
Could you live in 150 square feet? Cities try out micro-housing. Despite a soft housing market nationwide, rents in some of America’s biggest cities are still beyond the means of many families and singles who both want and need to live downtown. So cities from San Francisco and Seattle to…
U.S. new home sales rebound in April
US new-home sales rebounded in April after falling the prior month, official data showed Wednesday in mounting early signs of recovery in the collapsed housing market. The Commerce Department reported new-home sales at a seasonally adjusted annual rate of 343,000, an increase of 3.3 percent from the upwardly revised March…
New home construction in U.S. increased in April
New construction of homes in the United States jumped in April, official data showed Wednesday in a fresh sign of improvement in the distressed housing market. Housing starts increased 2.6 percent from March, to 717,000 units, the Commerce Department said. That was well above the average analyst forecast of 680,000…
Fed slightly upgrades view of U.S. economy
The Federal Reserve slightly upgraded its view of the US economy, saying the jobs market and consumer and business spending had improved since January. But it kept its ultra-low interest rate and its liquidity-boosting bond repurchase operations in place, citing the depressed housing sector and the lack of inflationary pressures. The outcome of the…
California economy to slowly improve in 2012: study
LOS ANGELES (Reuters) - California’s economy, the biggest in the United States and the ninth-largest in the world, will see a slight improvement in 2012 but a recovery in the crucial housing market is at least two years away, according to a report released on Wednesday. California was one of states hardest hit by…
U.S. home sales rise for third month
Sales of previously owned homes in the United States surged five percent in December from November, industry data showed Friday, in a report that pointed to recovery in the housing market. Sales of so-called “existing” homes rose to an annual rate of 4.61 million from a downwardly revised 4.39 million in…
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