Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale.
Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses.
U.S. services companies in October grew at the best rate in more than a dozen years.
Rising energy costs caused prices at the wholesale level to climb 0.4 percent in September.
U.S. consumers slowed their borrowing in August to an annual pace of 4.2 percent — a pullback from a pace of nearly 7 percent over the past three years.
Florida’s economy has long thrived on one import above all: People.
Higher energy costs led to prices at the wholesale level rising in August at the fastest pace in four months.
Sluggish pay raises have been an Achilles’ heel for American workers since the Great Recession ended more than eight years ago — and a major headwind for faster economic growth.
American consumers borrowed more heavily in July, increasing their debt primarily in a category that includes auto and student loans.
U.S. services businesses grew at a faster pace in August as measures for new orders and hiring improved.
U.S. job growth slowed in August as employers added 156,000 jobs, but even that decreased pace suggests that businesses remain confident in an economy now in its ninth year of recovery from the Great Recession.
The U.S. jobs report for August being released Friday will be watched to see whether employers extended a streak of steady hiring that’s helped shrink the unemployment rate to 4.3 percent, a 16-year low.
Fewer people signed contracts to buy homes in July, the fourth decline in the past five months.
U.S. home prices climbed higher in June with gains that are eclipsing income growth — creating affordability pressures for would-be buyers.
Americans retreated from buying homes in July as sales sank 1.3 percent to their lowest level of the year.
Homebuilders pulled back sharply on construction of apartment complexes in July, causing housing starts to tumble to a three-month low.
U.S. sales of new homes perked up slightly in June, a sign that more would-be buyers are seeking newly built properties.
Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest.
U.S. employers posted fewer job openings in May.
The U.S. economy got off to a lackluster start during the first three months of 2017, though it had a bit more momentum than earlier estimates indicated.