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 ...

Tagged with: CoreLogic foreclosure rate July 2014

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 ...

Tagged with: construction spending July 2014 U.S. Commerce Department

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, ...

Tagged with: July 2014

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 ...

Tagged with: Commerce Department consumer spending July 2014

Sales of new single-family homes faltered again in July, data from the U.S. Census Bureau reveal. Sales of new homes in July fell 2.4 percent from June to a seasonally adjusted level of 412,000 from the previous month’s revised rate ...

Tagged with: July 2014 U.S. Census Bureau

WASHINGTON  — U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. The Conference Board said Tuesday that its confidence index rose for a fourth straight month to 92.4 from 90.3 in ...

Tagged with: Conference Board July 2014

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 ...

Tagged with: Commerce Department July 2014