The share of Charlotte area homes with a mortgage that were in some stage of the foreclosure process has continued to steadily decline, according to CoreLogic, to 1.01 percent in July from 1.06 percent in June and 1.91 percent in ...Read More »
Construction spending in July reached its highest level in 5 ½ years according to data released by the U.S. Commerce Department. Spending on both private and public construction projects rose 1.8 percent from June to a seasonally adjusted rate of ...Read More »
Home prices in Charlotte including distressed sales rose 6.5 percent in July compared to July 2013, according to new data released by CoreLogic. On a month-over-over month basis, home prices in the Charlotte-Concord-Gastonia metropolitan statistical area were also up slightly, ...
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WASHINGTON — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the ...Read More »
WASHINGTON — Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft, which tends to fluctuate sharply from month to month. Outside of ...Read More »