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Fewer Americans Sign Contracts to Buy Homes in September

WASHINGTON — September marked a slowdown in Americans signing contracts to buy homes, the second consecutive decline for a real estate market that has been rebounding for the first half of 2015. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index dropped...
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Inventories Hurt 3Q GDP, Domestic Demand Strong

WASHINGTON — U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to raise interest rates in December. Gross domestic product increased at a 1.5 percent annual...
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Manufacturing Weakness Persists; Worst May Be Over

WASHINGTON — U.S. manufacturing activity in October hit a 2½-year low, but a rise in new orders offered hope for a sector buffeted by a strong dollar and relentless spending cuts by energy companies. Other data released Monday showed construction spending rose in September, indicating the economy remained...
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Factory Orders Fall for 2nd Straight Month in September

WASHINGTON — New orders for U.S. factory goods fell for a second straight month in September as the manufacturing sector continues to struggle under the weight of a strong dollar and deep spending cuts by energy companies. Motor vehicle production, however, remains a bright spot as orders surged...
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Economic Data Seen Supporting December Interest Rate Hike

WASHINGTON — U.S. private employers maintained a steady pace of hiring in October and a jump in new orders buoyed activity in the services sector, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The economic outlook was further...
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Fed’s Yellen Sees Possible December Rate Hike

WASHINGTON — Federal Reserve Chair Janet Yellen pointed Wednesday to a possible December interest rate “liftoff” but said rates would rise only slowly from then on to nurture the U.S. economic recovery. In her first public comments since the Fed’s meeting last week Yellen laid out what now...
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First-Time Homebuyers Often Wait to Buy House After Marriage

The number of people purchasing their first home, especially millennials, could be impacted negatively by shifting demographics as the median age for marriage is rising. A recent survey by NeighborWorks America, the Washington, D.C.-based affordable housing organization, found that 43 percent the respondents said they intended to buy...
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Housing Starts Hit 7-Month Low; Setback Seen as Temporary

WASHINGTON — U.S. housing starts in October fell to a seven-month low, weighed down by a steep decline in the construction of multifamily homes, but a surge in building permits suggested the housing market remained on solid ground. While the drop in groundbreaking activity reported Wednesday by the...
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Fed Pushed Toward December Hike Last Month, Despite Concern

WASHINGTON — A solid core of Federal Reserve officials rallied behind a possible December rate hike at the central bank’s last policy meeting, but central bankers also debated evidence the U.S. economy’s long-term potential may have permanently shifted lower. After a summer and early fall that saw the...
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Tight Inventories, Rising Prices Hurt Home Sales

WASHINGTON — Home resales fell in October as a persistent shortage of properties limited choice for potential buyers and pushed up prices, suggesting some softening in the pace of the housing market recovery after strong gains early this year. Still, housing remains on solid footing, with sales for...
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