Economic Indicators
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R.I. foreclosure inventory falls slightly in March
The foreclosure inventory in Rhode Island dropped slightly from March 2012 to March 2013 to 3.1 percent, CoreLogic reported Tuesday. This means that 3.1 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
| 4/30/13
Stocks rise as home sales climb amid stimulus optimism
U.S. stocks rose, with the Standard & Poor’s 500 Index heading for its sixth straight month of gains, as pending sales of homes climbed amid optimism central banks will maintain stimulus plans. more
Pending sales of existing homes climbed 1.5% in March
More Americans than forecast signed contracts in March to buy previously owned homes, another indication of progress in the housing market. more
Consumer spending climbs more than forecast on U.S. services
Consumer spending in the U.S. rose more than projected in March, reflecting a jump in outlays for services that is unlikely to be repeated, signaling the biggest part of the economy will soften this quarter. more
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
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
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
Orders for U.S. durable goods decline by most since August
Orders for U.S. durable goods fell in March by the most in seven months as demand slumped for commercial aircraft and business investment cooled. more
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