February

WASHINGTON | US consumer spending up modest 0.3 percent in August

WASHINGTON — U.S. consumer spending edged up a moderate 0.3 percent in August, the smallest gain in six months, as purchases of cars and other durable goods fell. A key gauge of inflation slowed slightly after posting its biggest annual gain in six years. The Commerce Department said Friday that the rise in spending was … Continue reading WASHINGTON | US consumer spending up modest 0.3 percent in August

WASHINGTON | US trade deficit widened to $50.1 billion in July

WASHINGTON— The U.S. trade deficit widened for the second straight month in July, reaching the highest level since February, as imports hit an all-time high. The deficit in goods with China and the European Union set records. The Commerce Department said Wednesday that the deficit in goods and services — the difference between what America … Continue reading WASHINGTON | US trade deficit widened to $50.1 billion in July

GENOA, Italy | Report: Experts knew Genoa bridge had weakened 20 percent

GENOA, Italy — Engineering experts determined in February that corrosion of the metal cables supporting the Genoa highway bridge had reduced the bridge’s strength by 20 percent — a finding that came months before it collapsed last week, an Italian newsmagazine reported Monday. Despite the findings, Espresso wrote that “neither the ministry, nor the highway … Continue reading GENOA, Italy | Report: Experts knew Genoa bridge had weakened 20 percent

Feb. home prices soar 6.3 pct in a fierce competition to buy

WASHINGTON/April 24, 2018 (AP)(STLRealEstate.News) — U.S. home prices jumped in February as buyers compete fiercely over a dwindling number of properties for sale. The S&P CoreLogic Case-Shiller national home price index released Tuesday jumped 6.3 percent in February from a year earlier, matching December’s increase. That jump was the largest in nearly three years. Steady … Continue reading Feb. home prices soar 6.3 pct in a fierce competition to buy

US new-home sales dipped in February, but demand is solid

WASHINGTON/March 23, 2018 (AP)(STLRealEstate.News) — Sales of new U.S. homes slipped 0.6 percent in February, a third straight monthly decline. But year to date, sales are up 2.2 percent compared with 2017 in a sign that buyer demand remains solid. The Commerce Department said Friday that last month’s sales came in at a seasonally adjusted … Continue reading US new-home sales dipped in February, but demand is solid

US housing starts fell 7 percent in February

WASHINGTON/March 16, 2018 (AP)(STLRealEstate.News) — Homebuilders broke ground on fewer apartment complexes in February, causing overall housing starts to fall 7 percent. The Commerce Department said Friday that housing starts last month were at a seasonally adjusted annual pace of 1.24 million, a decline that was anticipated after construction surged in January to 1.33 million. … Continue reading US housing starts fell 7 percent in February