Labor/Economy
Economy Watch: Economy Expands 2.6 Percent in Q3
The Bureau of Economic Analysis reported that real U.S. gross domestic product increased at an annualized rate of 2.6 percent in the fourth quarter of 2013.
Economy Watch: Serious Residential Delinquencies Still on Downward Path
Freddie Mac reported that its single-family serious delinquency rate dropped from 2.34 percent in January to 2.29 percent in February.
Economy Watch: Housing Price Appreciation Slows
S&P Dow Jones Indices reported that its S&P/Case-Shiller Home Price Indices were up 13.5 percent and 13.2 percent year-over-year, respectively, for its 10- and 20-city composite indexes in January.
‘Economy Watch’ Podcast with Dees Stribling: Housing Starts Stagnate
Housing starts and home sales stagnate, and the Fed cuts more of its bond-buying.
Economy Watch: Home Price Rises Stall, Foreclosures Slow
Black Knight Financial Services released its latest Home Price Index report, which is based on January 2014 residential real estate transactions. There was no increase nor decrease month over month. Since last year, the index increased 8 percent, a slight drop in the rate from recent months.
Economy Watch: Fitch Affirms Stable Outlook for U.S. Debt
The rating agency Fitch affirmed various kinds of U.S. public debt at a rating of AAA, with a stable outlook.
Economy Watch: Home Sales Edge Down in February
Existing home sales dropped by 0.4 percent month-over-month in February, according to the National Association of Realtors.
Economy Watch: Tapering Continues, and So Do Low Interest Rates
The Federal Open Market Committee said that U.S. economic growth slowed during the winter months, mainly because it’s been a hard winter.
Economy Watch: Housing Starts Stagnate in February
Housing starts in February came in at an annualized rate of 907,000 units, according to the Census Bureau.