Labor/Economy
‘Economy Watch’ Podcast with Dees Stribling: The Big Story for 2012
The housing recovery is the big story for 2012.
Economy Watch: New Home Sales Rise in November
The Census Bureau reported on Thursday that the rate of new home sales was an annualized rate of 377,000 units in November, up from 361,000 in October.
Economy Watch: Case-Shiller Home Price Indexes Jump
The U.S. home-price recovery seems to be a sustained one, if the latest S&P/Case-Shiller Home Price Indices are any indication.
Economy Watch: Personal Income, Savings Up
Even as the 2012 holiday shopping season was ending on Monday, at least one estimate said that consumers didn’t spend that much more this year than last year.
‘Economy Watch’ Podcast with Dees Stribling: At Least It’s Not the End of the World
No deal on the cliff, but it isn’t the end of the world.
Economy Watch: Existing Home Sales Spike
The National Association of Realtors said on Thursday that total existing-home sales nationwide—including completed transactions for single-family houses, townhomes, condos and co-ops—rose 5.9 percent to an annualized rate of 5.04 million units in November, compared with 4.76 million in October.
Economy Watch: Housing Starts Drop in November
Private housing starts in November came in at an annualized rate of 861,000 units, according to the Census Bureau. That’s 3 percent below the revised October estimate of 888,000, and adjusted for the fact that colder weather slows down housing construction.
Economy Watch: Homebuilders Feeling a Little More Optimistic
The National Association of Home Builders reported that builder confidence in the market for new single-family homes rose for an eighth consecutive month in December to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Economy Watch: Fiscal Cliff Deal?
Over the weekend and into Monday, there were rumors from Washington that hinted at the possibility of a deal on the fiscal cliff. They were vague murmurs, but enough to catch the attention of the chattering classes and investors.