Economic Activity
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Regional consumer prices rise 1.8% in December
The Consumer Price Index in the Northeast rose 1.8 percent over the last 12 months to 246.5 in December, according to a report from the U.S. Bureau of Labor Statistics. more
| 1/16/13
Homebuilder confidence in U.S. held in January at 6-year high
Confidence among U.S. homebuilders held in January at the highest level in more than six years, offering the latest evidence that residential real estate will help spur economic growth. more
Providence’s urban farm initiative lands $100K
Lots of Hope, an environmental initiative to transform vacant city-owned lots in Providence into urban farms, was awarded a combined $100,000 by The Rhode Island Foundation and Florida-based Local Sustainability Matching Fund. more
| 1/15/13
Home prices drop in Providence metro in November
Single-family home prices in the Providence-Fall River-New Bedford metro area dropped 0.3 percent in November 2012 compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
R.I. one of states hardest hit by recession, says Fed’s Rosengren
Rhode Island was one of the states hardest hit by the recession and continues to be one of the slowest to recover, Federal Reserve Bank of Boston President Eric Rosengren said Tuesday at a meeting of the Greater Providence Chamber of Commerce. more
Report: Improving biz climate requires ‘sustained, cooperative partnership’
Improving Rhode Island’s business climate will require a “sustained, cooperative partnership,” according to Senate President M. Teresa Paiva Weed. The Rhode Island Senate and the Rhode Island Public Expenditure Council released a report on Tuesday issuing recommendations on how to improve the state’s business rankings. more
| 1/15/13
Fitch says top AAA sovereign ratings under pressure in 2013
Fitch Ratings said its AAA credit rankings on France, the United States and the United Kingdom are likely to come under pressure this year due to slow economic growth and high debt levels. more
I-195 Commission sets schedule for development plan pitches
Two groups interested in building on the former Interstate-195 land will pitch their ideas to the I-195 Redevelopment District Commission this month. more
SEED makes $1M in loans, 19 new jobs expected
The South Eastern Economic Development Corp. has made $1 million in loans to three small businesses that will create 19 new jobs, according to a press release from the nonprofit. more
Mortgage bonds slump as Fed’s buying boost fades
After posting their worst returns since 1999, government-backed mortgage bonds are starting 2013 with losses on speculation the end of Federal Reserve purchases is in sight and as homeowner refinancing roils the market. more
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