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Tag Archives: economists

Economists cut growth forecasts for 2011 and 2012

WASHINGTON — Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year. In their latest forecast, top economists with the National Association for Business Economics predict that the ...

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Contracts to buy homes fell 1.3 percent in July

WASHINGTON — The number of Americans who signed contracts to buy homes fell in July, further evidence that the depressed housing market remains a drag on the economy. The National Association of Realtors said Monday that its index of sales ...

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Consumer spending highest in five months

WASHINGTON— Consumer spending grew in July by 0.8 percent, the largest amount in five months. That followed a decline in June and helped ease fears that the U.S. economy is on the verge of another recession. Americans bought more cars ...

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New-home sales fall, 2011 could be worst year yet

WASHINGTON — The number of Americans who bought new homes fell for the third straight month in July, putting sales on track to finish this year as the worst on records dating back half a century. Sales of new homes ...

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Unemployment aid applications tick down to 400K

WASHINGTON — The number of Americans seeking unemployment benefits dipped last week, a sign the job market may be improving slowly. The Labor Department says that applications for unemployment benefits edged down 1,000 to a seasonally adjusted 400,000. That’s the ...

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Contracts to buy homes rose in June for 2nd month

WASHINGTON — The number of Americans who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in the weak housing market. The National Association of Realtors says ...

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Home sales on pace for worst showing in 14 years

WASHINGTON — Halfway through 2011, people are buying homes at the weakest pace in 14 years. Sales of previously occupied homes fell in June for a third straight month to a seasonally adjusted annual rate of 4.77 million homes, the ...

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