Washington DC -June 25- Real gross domestic product (GDP) grew at an annual rate of 2.7% in the first quarter of 2010, following an increase of 5.6% in the fourth quarter of 2009, according to the U.S. Department of Commerce.

To read more CLICK HERE

Washington DC -June 17- The Conference Board Leading Economic Index® (LEI) for the United States increased 0.4 percent in May, following no change in April, and a 1.4 percent rise in March.

To read more, CLICK HERE

Washington DC -June 17- Initial claims for unemployment compensation last week were 472,000, an increase of 12,000 from the previous week’s revised figure of 460,000.  Nationwide, the 4-week moving average was 463,500, a decrease of 500 from the previous week’s revised average of 464,000, according to data released by the U.S. Department of Labor.

To read more, CLICK HERE

Washington DC -June 16- The Producer Price Index for Finished Goods moved down 0.3 percent in May, according to the U.S. Bureau of Labor Statistics at the Department of Labor.

To read more, CLICK HERE

Washington DC -June 2- Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.

To read more, CLICK HERE

Washington DC -May 28- Personal income increased $54.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $57.6 billion, or 0.5 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $4.0 billion, or less than 0.1 percent.

To read more, CLICK HERE

Washington DC -May 27- Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.0 percent in the first quarter of 2010, (that is, from the fourth quarter to the first quarter), according to the “second” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP had increased 5.6 percent.

To read more, CLICK HERE

Washington DC –May 25- Continuing research into the economic and fiscal conditions of cities demonstrates the need for Congress to Adopt the Local Jobs for America Act.  A new report from the National League of Cities indicates that most cities and towns are facing worsening economic conditions that are forcing layoffs and reductions in city services.

To read the report, CLICK HERE

Washington DC -May 24-Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®.

To read more, CLICK HERE

Washington DC -May 24- The U.S. Chamber of Commerce today expressed strong disappointment over the final passage of S. 3217, the “Restoring American Financial Stability Act of 2010.” This bill fails to achieve meaningful financial regulatory reform. As a result, businesses will have less access to capital, less ability to manage risk, and less capability to create jobs.

To read more, CLICK HERE

Washington DC -May 24- The Consumer Federation of America tonight praised the United States Senate for passing landmark legislation to strengthen and reform regulation of the nation’s financial system. Among its many important provisions, the bill would create a new federal Consumer Financial Protection Bureau and reduce the vulnerability of the financial system to failure, including by regulating the multi-trillion-dollar over-the-counter derivatives market and by making credit rating agencies more accountable for their actions.

To read more, CLICK HERE

Washington DC -May 17– Builder confidence in the market for newly built, single-family homes rose for a second consecutive month in May to its highest level in more than two years, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI gained three points to 22 in May, its highest point since August of 2007.

To read more, CLICK HERE

Washington DC -May 13- Senators John Kerry (D-Mass.), Chairman of the Foreign Relations Committee, and Joe Lieberman (I-Conn.), Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their comprehensive energy and climate change legislation that will create jobs, strengthen America’s energy independence, safeguard our national security, and restore our global economic leadership for decades to come.

To read more, CLICK HERE

Washington DC -May 13- Congressman Ander Crenshaw, Republican Deputy Whip and member of the Whip’s Economic Recovery Working Group, today (4/12) joined House Minority Whip Eric Cantor (R-VA) in announcing the new “YouCut”program, which aims to change the culture in Washington from spending to saving.

To read more, CLICK HERE

Washington DC -May 12- While the fragile housing market has begun to stabilize, the economy and real estate industry still face many challenges on the way to a full recovery.

To read more, CLICK HERE