Mortgage Application Volume Declines
Washington, DC, Nov. 16, 2011 -- Mortgage application volume fell 10% last week from the prior week, the Mortgage Bankers Association said.
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Higher Home Loan Limits Approved
Washington, DC, Nov. 16, 2011 -- U.S. lawmakers reached an agreement to increase the maximum size of home loans backed by the Federal Housing Administration.
Inflation Modest in October
Washington, DC, Nov. 16, 2011 -- The cost of living fell in October, mainly because of lower prices for gasoline, fruits and vegetables, the Labor Department reported.
October Retail Sales Beat Expectations
Washington, DC, Nov. 15, 2011 -- Retail sales rose broadly in October, according to the Commerce Department.
Home Depot Reports Higher Earning, Sales
Atlanta, GA, Nov. 15, 2011 -- The Home Depot reported third quarter net earnings of $934 million, or $0.60 per share, compared with net earnings of $834 million, or $0.51 per diluted share, in the same period last year.
Realtors Expect Housing Improvement in 2012
Anaheim, CA, Nov. 15, 2011 -- Gradual improvement is expected in the housing market next year and beyond, according to projections at a residential forum here at the 2011 Realtors Conference & Expo.
Regional Fed Says Odds of Recession Grow
San Francisco, CA, Nov. 15, 2011 -- The odds of a U.S. recession in early 2012 have grown as a result of Europe’s debt crisis, according to researchers at the Federal Reserve Bank of San Francisco.
New York Manufacturing Reverses Higher
Washington, DC, Nov. 15, 2011 -- Manufacturing activity in New York state reversed course into positive territory in November, ending five straight months of contraction, according to the New York Federal Reserve.
Business Inventories Unchanged in September
Washington, DC, Nov. 15, 2011 -- Business inventories were unchanged in September, according to the Commerce Department.
Producer Prices Fall Most in 20 Months
Washington, DC, Nov. 15, 2011 -- U.S. producer prices in October dropped by the largest amount in 20 months, according to the Labor Department.