Economic Activity
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The Black Knight Home Price Index for the Providence metro area was $238,000 in February, largely unchanged from the price index a month earlier, but 5.5 percent higher than in February 2013 according to the Black Knight report released Monday. more
Contracts to purchase previously owned U.S. homes climbed in March by the most in almost three years, showing residential real estate was starting to stabilize entering the spring selling season. more
Three years ago, the Rhode Island chapter of the Associated Builders and Contractors Inc. spent nine months getting permit approvals for a small, $30,000 office renovation in Pawtucket that its president says should have taken a month. more
The Mass. Bureau of Labor Statistics announced last week that preliminary estimates show the state added 8,100 jobs in March and that the total unemployment rate dropped another 0.2 of a percentage point, to 6.3 percent, from the February rate. more
Consumer confidence rose in April to a nine-month high, showing Americans are growing more upbeat about the economy as the labor market gains traction. more
Rhode Island hotel tax collections fell 2.8 percent in February to $126,603 compared with $130,278 in February 2013, the R.I. Department of Revenue reported Friday. more
The median price of Rhode Island single-family homes sold in March rose 8 percent compared with the same period last year, the Rhode Island Association of Realtors said Friday. more
Orders for durable goods poured into American factories in March, setting up manufacturing as one of the central drivers of a rebound in economic growth during the second quarter. more
Rhode Island boasted the eighth-fastest average Internet connection speed in the United States during the fourth quarter of 2013, according to the “State of the Internet” report released Wednesday by cloud services firm Akamai Technologies Inc. more
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