U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to government data Oct. 25.
October 25, 2017BusinessEquipment
Gain in Equipment Orders Underscores Robust US Investment
U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed Oct. 25.
October 25, 2017Government
US Posts Its Largest Budget Deficit Since 2013
The U.S. posted its largest budget deficit since 2013 in the fiscal year that just ended, as a pickup in spending exceeded revenue gains.
October 20, 2017BusinessTCA
Dallas Fed: Harvey’s Economic Damage Temporary; Recovery Boosts Demand
It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.
October 19, 2017Business
Economic Expectations Sour in October; Weekly Comfort Rises
Americans grew more pessimistic this month about the direction of the economy, though a measure of consumer sentiment rose in the most recent week, Bloomberg Consumer Comfort Index figures showed Oct. 19.
October 19, 2017Business
Fewest Jobless Claims Since 1973 Show Firm Job Market
Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Oct. 19.
October 19, 2017Business
Drop in September Home Starts Reflects Slump in South
A larger-than-forecast decline in U.S. new- home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from hurricanes Harvey and Irma, according to government figures Oct. 18.
October 18, 2017Business
Homebuilders Gauge at Five-Month High Shows Storm Recovery
A rebound in homebuilders’ confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data Oct. 17 from the National Association of Home Builders/Wells Fargo.
October 17, 2017BusinessTechnologyAutonomous
Driverless Cars Will Open the Door to a Building Spree
Even as reclaimed parking spaces fuel a downtown building boom, autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report, sponsored by a unit of Capital One Financial Corp.
October 17, 2017Business
Manufacturing Output Rises as Impact From Hurricanes Fades
U.S. factory production rose last month for the first time since June, a sign the industry is starting to regain its footing after the damage from hurricanes Harvey and Irma, Federal Reserve data showed Oct. 17.<
October 17, 2017