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Tag Archives: americans

New-home sales up, but pace remains sluggish

WASHINGTON — More Americans bought new homes in April, but sales remain far below the pace that would represent a healthy housing market. The Commerce Department says new-home sales rose 7.3 percent last month to a seasonally adjusted annual rate ...

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Home sales fell 9.6 pct. in February

WASHINGTON — Fewer Americans bought previously occupied homes in February and those who did purchased them at steep discounts. The weak sales and rise in foreclosures pushed home prices down to their lowest level in nearly 9 years. The National ...

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Consumers borrow more money for 3rd straight month

WASHINGTON — Americans are putting more money on their credit cards after two years of cutting back, helping fuel the third straight monthly increase in consumer borrowing. The Federal Reserve reported Monday that consumers increased their borrowing by $6.1 billion ...

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Banks report fewer mortgages going bad

Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One ...

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More people applied for unemployment aid last week

WASHINGTON — More Americans applied for unemployment benefits last week, but not enough to reverse a downward trend that suggests employers will accelerate hiring in the coming months. Applications remain slightly above the lowest level in two years and the ...

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Americans boost spending heading into holidays

WASHINGTON — Americans spent at a moderate pace last month, giving the economy a boost ahead of the holidays. The Commerce Department reported Thursday that consumers increased their spending 0.4 percent in November. The gain came after shoppers ratcheted up ...

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