Economic Activity
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Soaring costs hampering U.S. housing rebound
Even as U.S. housing rebounds from its worst downturn since the 1930s, production bottlenecks are pushing up building-materials costs, land prices are rising and skilled labor ready to begin work is hard to find. more

By Rhonda Miller
PBN Staff Writer | 4/29/13

MassBenchmarks: State has ‘excellent’ 1Q
Massachusetts’ real gross state product increased at a 3.9 percent annualized rate during the first quarter, according to the Current Economic Index released Friday by MassBenchmarks. more
| 4/26/13
WaterFire lands $50K NEA grant
WaterFire Providence has been selected as one of 817 nonprofit organizations nationwide to receive a National Endowment for the Arts grant, the national organization announced Friday. more
Foreclosure, delinquency rates drop in Providence Metro in February
The Providence-Fall River-New Bedford area foreclosure rate fell 0.14 percentage points for February compared to the same period in 2012, CoreLogic said Friday. more
| 4/26/13
A.T. Cross profits rise 6.6% in 1Q
A.T. Cross Co. saw its bottom line rise 6.6 percent to $1.6 million, or 13 cents per diluted share, from the first quarter of 2012 to the first quarter of 2013, the personal- and business-accessories maker announced after the market closed on Thursday. more
| 4/26/13
Home sales drop, prices rise in R.I. in March
The median price of Rhode Island single-family home sales rose 9 percent in March compared with the same period a year ago, the Rhode Island Association of Realtors said Friday. more
Growth in U.S. trails forecasts as defense spending falls
The economy in the U.S. grew less than forecast in the first quarter as a drop in defense spending outweighed the biggest increase in consumer spending in two years. more
Initial jobless claims in U.S. decline more than forecast
Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, pointing to an improving labor market. more
Biz plan competition announces finalists
The Rhode Island Business Plan Competition has chosen six finalists for its 2013 competition, the organization announced Thursday. more
| 4/25/13
EDC funds 7 through Renewable Energy Fund
In the first round of 2013 grant funding through the Renewable Energy Fund, the R.I. Economic Development Corporation board of directors has approved a combined $184,334 to seven companies to support solar photovoltaic systems that will produce electricity in a “cleaner, more sustainable manner,” the quasi-state agency announced Tuesday. more
| 4/24/13
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