Economy Watch: Housing Starts Bounce Back in September
Privately owned U.S. housing starts in September were at an annualized rate of 1.017 million units, according to the Census Bureau.
Economy Watch: Homebuilders Still Optimistic, But Less So
After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points to 54 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Economy Watch: Consumers Rein in Spending in September
The Census Bureau reported that U.S. retail sales came in at $442.7 billion in September, a drop of 0.3 percent compared with August.
Economy Watch: SoCal Home Sales Surge in September
Southern California home sales hit a five-year high for September, rising above a year earlier for the first time in 12 months amid gains for mid- to high-end deals, CoreLogic DataQuick reported.
‘Economy Watch’ Podcast with Dees Stribling: No Definite Word About Interest Rates
No definite word about interest rates from the Fed. As usual.
Economy Watch: Stocks in Freefall
Wall Street still has those is-this-a-simple-correction-or-is-it-worse October sliding index blues, with the Dow Jones Industrial Average down 223.03 points, or 1.35 percent for the day.
Economy Watch: Consumers Expected to Spend More This Holiday Season
The International Council of Shopping Centers forecasts that U.S. holiday retail sales will improve 4 percent this year compared with 2013 (the organization counts sales in November and December as holiday sales).
Market Snapshot: Richmond’s Strenthening Economy Drives All Sectors of Real Estate
The first half of 2014 shows positive growth for Richmond’s multi-family and commercial markets, according to recent reports from Real Data and CBRE.
Economy Watch: Residential Price Increase Still Slowing
Trulia reported that asking prices for U.S. residential properties rose 0.8 percent in September, up in 92 of the 100 largest metro markets.
Economy Watch: FOMC Noncommittal on Interest Rates
The Federal Open Market Committee released its notes from its Sept. 16-17 meeting, and as usual, it purposefully offered nothing conclusive about when interest rates will rise.