Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

WASHINGTON (AP) — U.S. construction spending advanced in March to its highest level in more than eight years. Gains in home building and nonresidential construction offset a drop in government projects. Construction spending rose 0.3 percent in March after a ...

Tagged with: construction spending

WASHINGTON  — When the Federal Reserve chose not to raise its key interest rate at its meeting last week, it nevertheless made clear that its next move will be another increase. That stance puts it at odds with other major ...

Tagged with: Federal Reserve

WASHINGTON (AP) — Construction of new homes fell in March by the largest amount in five months, with weakness in all regions of the country except the Northeast. Home construction dropped 8.8 percent to a seasonally adjusted annual rate of ...

Tagged with: home construction

WASHINGTON (AP) — Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of ...

Tagged with: Federal Reserve chair Janet Yellen

WASHINGTON (AP) — U.S. consumers barely increased their spending in February and spent less in January than the government had earlier estimated. The pullback led some analysts to downgrade their expectations for the economy’s growth during the January-March quarter. Consumer ...

Tagged with: consumer spending

WASHINGTON (AP) — The U.S. economy grew at a slightly faster rate in the fourth quarter than previously estimated, boosted by stronger consumer spending. Consumers may be providing more lift to the economy in the current January-March period. The Commerce ...

Tagged with: U.S. economy

WASHINGTON (AP) — Construction of new homes rose in February to the highest level in five months, but applications for new construction were weak for a third month. Housing starts rose 5.2 percent last month to a seasonally adjusted annual ...

Tagged with: home construction

WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer said Monday that inflation in the U.S. may be starting to tick up from too-low levels, a key condition for further interest rate hikes. “We may well at present be seeing ...

Tagged with: Federal Reserve

WASHINGTON (AP) — The Federal Reserve has put forward new rules aimed at addressing one of the primary causes of the 2008 financial crisis — the financial exposures that the biggest banks had with each other. The Fed is proposing ...

Tagged with: Federal Reserve

WASHINGTON – The economy was expanding in most of the country in January and February, helped by gains in consumer spending and home sales. But there were also rising headwinds from falling oil prices and a strong dollar that held ...

Tagged with: Federal Reserve