US Recovery

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Stocks rise after increase in consumer spending

Thursday, March 17th, 2011

Stocks rose Monday after an increase in consumer spending boosted confidence in the economy.

Sales of new homes rocketed up 27 percent in March

Thursday, March 17th, 2011

Sales of newly built homes shot up 27 percent in March — the largest monthly gain in nearly five decades — as mild weather and a lucrative tax credit pumped up demand for homes in all four regions of the country, according to federal data released Friday.

Economists Optimistic About Future Economy, Job Creation

Thursday, March 17th, 2011

ABC News reports  that the economic outlook for the next year is growing more and more positive as news that US industries are continuing to grow and add jobs. Even so, growth is still expected to be slow for the remainder of the year and most companies (46%) do not plan on changing staff levels [...]

Pending Sales of Existing Homes in U.S. Rose 5.3% in March

Wednesday, March 16th, 2011

More Americans signed contracts in March to buy previously owned homes before the expiration of a tax credit that helped support the housing market.

AIG swings to a first-quarter profit

Wednesday, March 16th, 2011

Firm’s mortgage insurance business posts first profit in three years

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