Economy
Business

Existing-Home Sales Fall to a One-Year Low After Hurricane Harvey

Allen J. Schaben/Los Angeles Times/TNS

Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.

Sho Chandra | Bloomberg News
September 20, 2017
Business

Housing Starts Steady, Permits Rise Ahead of Hurricanes

A house stands surrounded by floodwaters from Hurricane Harvey in this aerial photograph taken above Angleton, Texas, U.S., on Aug. 30, 2017. Andrew Harrer/Bloomberg News

Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma, government figures showed Sept. 19.

Sho Chandra | Bloomberg News
September 19, 2017
Business

Homebuilder Sentiment Falls on Storm-Related Supply Concern

A contractor works during construction of a new apartment building in downtown Seattle. Mike Kane/Bloomberg News

Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma, according to data Sept. 18 from the National Association of Home Builders/Wells Fargo.

Sho Chandra | Bloomberg News
September 18, 2017
Business

Concerns About Hurricanes Dent American Consumer Sentiment

Photo by Gus Holzer, Florida Fish and Wildlife Division of Law Enforcement

U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Sept. 15.

Agnel Philip | Bloomberg News
September 15, 2017
Business

Retail Sales Fall After Weaker Results in Prior Months

Phil Velasquez/ Chicago Tribune/TNS

An unexpected decline in August retail sales and downward revisions to the prior two months mainly reflected weaker results at auto dealerships, Commerce Department figures showed Sept. 15.

Sho Chandra | Bloomberg News
September 15, 2017
Business

Consumer Comfort Falls for Second Week

David Paul Morris/Bloomberg News

Americans’ confidence retreated for a second week as consumers’ assessment of the buying climate deteriorated on the heels of higher fuel prices, Bloomberg Consumer Comfort Index figures showed Sept. 14.

Agnel Philip | Bloomberg News
September 14, 2017
Business

Unexpected Drop in Jobless Claims Shows Sturdy Job Market

Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14.

Sho Chandra | Bloomberg News
September 14, 2017
Business

Wholesale Prices Increase on Jump in Energy Costs

The silhouette of an employee is seen operating a forklift at the Subaru of Indiana Automotive Inc. assembly plant in Lafayette, Ind. Ty Wright/Bloomberg News

Rising U.S. wholesale prices in August reflect the biggest jump in energy costs since January, while underlying inflation remained contained, a Labor Department report showed Sept. 13 in Washington.

Sho Chandra | Bloomberg News
September 13, 2017
Business

US Household Incomes Rose to Record in 2016 as Poverty Fell

Dougall_Photography/Getty Images

The U.S. median household income rose to a record last year and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, according to annual data from the U.S. Census Bureau released Sept. 12.

Sho Chandra and Jordan Yadoo | Bloomberg News
September 12, 2017
Business

Job Openings in US Increased to a Record in July

pcruciatti/Getty Images

U.S. job openings unexpectedly rose to a record in July, indicating resilient demand for workers, Labor Department figures showed Sept. 12.

Agnel Philip | Bloomberg News
September 12, 2017

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