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Tag Archives: commerce department

New-home sales fell in February for second month

WASHINGTON — Sales of U.S. new homes fell in February for the second straight month, a reminder that the depressed housing market remains weak despite some improvement. The Commerce Department said Friday that new-home sales dropped 1.6 percent last month ...

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Builders start fewer homes but permits jump

WASHINGTON — U.S. builders are betting that the housing market is finally on the path back to health. They requested 5 percent more permits in February to build single-family homes and apartments in the coming months. That increased the annual ...

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Retail sales rise 1.1 percent in February

WASHINGTON — Americans stepped up spending on retail goods in February, evidence that a stronger job market is boosting the economy. Consumers bought more autos, clothes and appliances. They also paid higher prices for gas. Retail sales increased 1.1 percent ...

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U.S. trade deficit grew to 3-year high in January

WASHINGTON — The U.S. trade deficit surged in January to the widest imbalance in more than three years after imports grew faster than exports. Rising oil prices helped drive imports to a record high, as did stronger demand for foreign-made ...

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Consumers spend more after incomes rise again

WASHINGTON — U.S. consumers earned a little more in January and spent most of the extra money. The modest gains should keep the economy growing slowly. But they disappointed economists, who were expecting bigger increases after two months of strong ...

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U.S. housing starts rise modestly to start new year

WASHINGTON — Construction of single-family homes in the U.S. cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come ...

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FCC plans to nix wireless network that may jam GPS

NEW YORK — Federal officials plan to kill a proposal to build a new national high-speed wireless network after concluding it would in some cases jam personal-navigation and other GPS devices. The Federal Communications Commission sought comments Wednesday on revoking ...

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Rising retail sales point to slowly improving economy

WASHINGTON — Americans rebounded from a weak holiday season and stepped up spending on retail goods in January. The latest government report on retail sales pointed to a slowly improving economy. Retail sales rose at a seasonally adjusted 0.4 percent ...

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U.S. trade deficit up to $48.8 billion in December

WASHINGTON — Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year. The ...

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