New home construction fell to the lowest level of the year in June, but there were indications of increased activity in coming months, the government said Tuesday.
Housing starts fell 5% from May to a seasonally adjusted annual rate of 549,000 last month, the Commerce Department said.
Economists were expecting housing starts to fall to 575,000. On [...]
Posts Tagged ‘leading economist’
New home construction drops, but outlook brightens
July 20th, 2010 by HardMoney Writer
Tags: commerce department, home buyers, home investors, homebuilder, housing market, leading economist, mortgage rates, real estate, tax credit
more...Homebuilder Confidence in U.S. Falls to One-Year Low
July 19th, 2010 by HardMoney Writer
Builders in the U.S. turned more pessimistic in July than forecast, a sign the expiration of a government tax credit will depress home construction.
The National Association of Home Builders/Wells Fargo confidence index dropped to 14 this month, the lowest level since April 2009, from 16 in June, data from the Washington- based group showed today. [...]
Tags: foreclosure, home sales, homebuilder, leading economist, lenders, mortgage lenders, mortgages, tax credit, us unemployment, Wells Fargo
Factory orders fall 1.4 percent in May
July 3rd, 2010 by HardMoney Writer
Orders to U.S. factories declined broadly in May after nine straight months of gains, raising new concerns that the recovery is stalling.
The Commerce Department said Friday that orders for cgoods decreased 1.4 percent in May. It was the biggest drop since March 2009.
Excluding the volatile transportation sector, orders fell 0.6 percent. That number fell 0.7 [...]
Tags: business, commerce department, consumers, economy recovery, financial, leading economist, US Economy, us manufacturing
Iowa economist predicts improvement by summer
March 6th, 2010 by HardMoney Writer
A leading economist who advises Gov. Chet Culver predicted Friday that Iowa’s economy will stay flat for much of the spring but should perk up by summer.
“I think we’re going to get through this,” said Charles Whiteman, a University of Iowa economist who sits on the governor’s Council of Economic Advisers. “I can see light [...]
Tags: businesses, iowa, iowa's economy, leading economist, tax collections
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