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Massive government budget cuts set to go into effect March 1 would be, "deeply destructive" to all aspects of the housing market, US Secretary of Housing and Urban Development Shaun Donovan told a Senate panel last week. Here's why.
Groundbreaking to build new homes fell in January but new permits for construction rose to a 4 1/2-year high, reinforcing expectations the housing market will support economic growth. An inflation indicator, meanwhile, remained tame.
The head of U.S. tire maker Titan launched a vitriolic attack on French productivity after the country’s government suggested he buy a factory in the north of France.
Applications for U.S. home mortgages fell for a second straight week as both refinancing and loan requests for new mortgages eased last week, an industry group said on Wednesday.
President Obama painted a picture of immediate devastation from spending cuts set to take effect March 1, but other officials anticipate more gradual reductions, the New York Times.
President Barack Obama is calling on Republicans to back a Democrat plan that would offset the sequester, warning that otherwise "people will lose their jobs."
Low- and middle-income households of Americans over 50 have an average balance of $8,278, more typical of young parents or college students.
With the economy edging upwards, more car buyers are keeping up with their auto payments or coming up with the cash if the repo man appears. And that's more bad news for mom-and-pops that rely on repo work.
After showing steady and healthy gains through much of last year, home builder sentiment took a step backward in February.
Erskine Bowles and Alan Simpson proposed a new tax plan in hopes of finding a middle ground between Democrats and Republicans on deficit reduction.
The nation's debt as a percentage of the economy is going to cause a fiscal storm, Home Depot founder Kenneth Langone told CNBC.
President Barack Obama will make a fresh push to force Republicans to make concessions that will head off budget cuts that appear to kick in starting on March 1.
After that Wal-Mart email leaked, traders will be watching to see if the payroll-tax increase trips up the consumer. Plus, a trio of housing reports and Fed minutes.
Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research.
American millionaires say they are better off than they were at their 2007 peak.
New data show uneven benefits from the economic recovery of 2010-11, with a big rise for the highest earners and little change for others. The New York Times reports.
This city, long known as a Rust Belt community, has transformed into a hub for advanced manufacturing and technology.
Federal Reserve's Sandra Pianalto says that U.S. economy could minimize risk by aiming for smaller sized balance sheet.
U.S. consumer sentiment improved in February, buoyed by signs of more hiring, though worries heightened about a decline in future income, a new survey showed.
U.S. industrial production unexpectedly fell in January, weighed down by weak manufacturing and mining, according to a new report that was another sign of slow economic activity at the start of the year.