Tag: economy

Housing starts down again in January

U.S. homebuilders started construction on fewer projects in January than in December, continuing a six-year, saw-tooth pattern of ups and downs in housing starts. January housing starts were at a seasonally adjusted annualized rate of 1.065 million units, 2 percent below the downwardly revised December estimate of 1.087 million. Economists […]

March Housing Starts Will Rise With the Mercury

It’ll be a spring thaw: Housing starts likely jumped as soon as the weather warmed up in March, even as concerns remain about the cost of land and labor. Starts will rise to a seasonally adjusted annualized pace of 970,000 when the Census releases its home-construction report tomorrow morning, according […]

Housing Recovery Masks Dangers for Young

Housing Recovery Masks Dangers for Young

Galen Eckenroth has what he knows is an uncommon pastime for someone his age: He’s looking to invest in real estate. Yet no matter how much he looked last year, the 26-year-old from San Diego just wasn’t able to buy. He says that in a city where buyers were willing […]

Februarys weather kept U.S. housing starts low, at a seasonally adjusted, annualized rate of 907,000, down 2,000 from January. Heavy permit applications, however, suggested the numbers would increase again once the weather warmed.

February Cold Keep Housing Starts Flat

Weather held U.S. housing starts flat in February, even as the sector showed signs it would grow in spring. Starts dropped to a seasonally adjusted, annualized pace of 907,000 in February, a mere 0.2 percent below January’s revised estimate of 909,000, according to data released jointly on March 18 by […]

Student debt endangers the American Dream

Student debt endangers the American Dream

Paul Buehler’s $60,000 in debt weighs heavy on him. As a Ph.D. candidate in history at the University of Arizona the 31-year-old has spent the last eight years relying on student loans. His debt will become due when he finishes in December. Then his salary will just pay his student […]

Home Prices Fly High

Housing prices posted their largest monthly gain in more than five years in a sign of an accelerating market that could provide a key boost to the economy. The widely watched Case Shiller index rose 2.5% in April, the largest one-month gain in history. Prices are up 12.1% from a […]

Gas Surcharges Haven’t Added To Commodities, CPI Shows

By Menglin Huang| Mar 16, 2012 Higher gas prices in February drove headline consumer prices up by the most in 10 months. But outside of energy, the inflation still remained in check. The consumer price index, or CPI, increased 0.4 percent last month, marking its biggest gain since last April, […]