Economic Indicators
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Signs point to sustained recovery
The last time the housing market showed this much life was the summer of 2010. Rhode Island’s year-over-year home sales had just surged 11 percent in the second quarter, median prices were up 9 percent and frantic buyers had pushed the average length of time a listing stayed on the market to a scant 83 days. more
Sales up, but still hesitant to hire
Business is busy at New England Copper Works. more
By Rebecca Keister
PBN Staff Writer | 9/3/12
Shoppers waiting longer for back-to-school purchases
Stuart Solup has been running Irving’s Shoe Store in Portsmouth since the 1970s, and in that time he’s had a keen view of back-to-school shopping trends. In fact, Solup says that the back-to-school season accounts for about 30 percent of his yearly business. more
One Financial Plaza fills up as firms consolidate
Occupancy at Providence’s two most recognizable office towers is heading in opposite directions. more

By Patrick Anderson
PBN Staff Writer | 9/17/12

Charlestown housing project tops off 6-year effort
Since 1993, Richard H. Godfrey has served as the executive director and CEO of Rhode Island Housing, a privately financed, public-interest corporation that provides safe, affordable homes for Rhode Islanders. It is a self-sustaining public agency, which generates its own operating income, without state funding. more

By Michael Souza
PBN Staff Writer | 9/17/12

Consumers paying back loans faster
Despite continued high unemployment as the economy slowly recovers from the Great Recession, one indicator points to potential improvement: Borrowers are paying back their debts in a more timely manner. more

By Michael Souza
PBN Staff Writer | 9/17/12

Lardaro: R.I. recovery loses momentum in July
Rhode Island’s economic recovery continues to lose its momentum, most significantly in the manufacturing and retail sectors, according to University of Rhode Island economist Leonard Lardardo's July Current Conditions Index. more
U.S. stocks are little changed amid concern over Europe crisis
U.S. stocks were little changed, after the Standard & Poor’s 500 Index dropped the most since June yesterday, amid concern Europe’s debt crisis is worsening. more
Foreclosures drop, delinquencies rise in Providence metro in July
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.1 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
| 9/25/12
Home sales surge 20% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass., rose 20 percent, and the median sale price increased 7 percent in August compared with the same period last year, The Warren Group said Thursday. more
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