February sees strongest new home sales in over four years
New house purchases rose to a 411 000 annual pace in February, the best back-to-back months since 2008, helped by near record-low borrowing costs and improving job prospects. The median price rose to 246 800, while supply edged up to 4.4 months with 152 000 houses on the market. First-time buyers returned, making up 34.5 percent of transactions.
MENTIONED IN THIS ARTICLE
Washington
U.S. Commerce Department
Patrick Newport
IHS Global Insight
Lexington
Mass
Commerce Department
Conference Board
Northeast
Midwest
Campbell
Inside Mortgage Finance
Stockton Bankruptcy Eligibility Trial Opens in California
Lawyers for Stockton and creditors clash over whether the city can seek federal bankruptcy protection while preserving pension rights. Calpers and bond insurers argue Stockton impaired its largest creditor, challenging eligibility, as the historic case tests municipal debt protections.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Stockton
California
U.S
Jefferson County
Alabama
San Bernardino
California Public Employees’ Retirement System
Calpers
Ing Stockton
Central Valley
Main Street
U.S. manufacturing comeback disputed by Goldman Sachs
Goldman Sachs economist Jan Hatzius argues the supposed U.S. manufacturing renaissance lacks evidence of a structural shift. Exports rose modestly since 2009 amid a weaker dollar, with energy costs not yet boosting output in key sectors like aluminum and chemicals.
MENTIONED IN THIS ARTICLE
Ashington
U.S
China
United States
Atlantic Magazine
Charles Fishman
Jan Hatzius
Goldman Sachs
Hatzius
America
Walmart tests delivery lockers to speed online orders
Walmart will pilot in store lockers to hold online purchases for customer pickup starting this summer. The program links its 4000 US stores with e commerce and aims to compete with Amazon Prime by enabling same day and next day delivery from nearby stores. Two thirds of Americans live within five miles of a Walmart.
MENTIONED IN THIS ARTICLE
San Bruno
Calif
Walmart Stores Inc
Neil Ashe
Amazon.com Inc
Staples Inc
Walmart
Amazon
United States
Joel Anderson
Walmart.com
U.S
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Bloomberg News
Reuters
Transparent Container
Addison
Ill
Amazon.com
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