Production in the U.S. rose in May by the most since August, led by increases in automobiles and utilities and showing manufacturers are weathering the effects of the European debt crisis.
Output at factories, mines and utilities increased 1.2 percent last month after a 0.7 percent gain in April, figures from the Federal Reserve in Washington [...]
Posts Tagged ‘us housing market’
Industrial Production in U.S. Increased 1.2% in May
June 16th, 2010 by Financial Writer
Tags: business, commerce department, economy recovery, european economy, Global Economy, interest rates, us federal reserve, us housing market
more...Mortgage applications rise in first week of 2010
January 13th, 2010 by Financial Writer
U.S. mortgage applications rose in the first week of 2010, reflecting surging demand for home refinancing loans as interest rates dropped, industry data showed on Wednesday.
Demand for loans to purchase a home, however, only rose marginally. A continuation of this trend would not bode well for the U.S. housing market, which has been showing signs [...]
Tags: home refinancing, interest rates, loans, mortgage applications, us housing market, us mortgage
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