Retail sales gains in January could boost growth
Thursday, March 17th, 2011A modestly better-than-expected report on retail sales for January could suggest stronger economic growth in coming months. But this week’s severe snowstorms will likely depress activity in February.
U.S. housing market remains fragile despite low mortgage rates
Tuesday, March 15th, 2011After showing signs of a fledgling recovery from the worst downturn in decades, the U.S. housing market appears to be heading back toward the doldrums, as the expiration of a lucrative tax credit for buyers and increased uncertainty about the economy cause home sales to plummet.
Mortgage approvals fall back to January level
Monday, March 14th, 2011Mortgage approvals fell sharply in June, lending yet more weight to the theory of a dip in the UK housing market as the Nationwide index showed UK house prices starting to fall in July