Economic Indicators
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U.S. mortgage rates fell for a second week, lowering borrowing costs as the housing recovery gets a second wind. more
A total of 451 single-family and multifamily homes in Rhode Island were foreclosed upon during the first quarter of 2014, an increase of 19.9 percent over the 376 foreclosures reported for the same period last year, affordable homes coalition HousingWorks RI reported Thursday. more
Nearly 42,000 single-family homes in the Providence-Warwick metro area are located within storm-surge risk zones, and nearly 10,000 of those are at extreme risk, according to the 2014 storm-surge analysis released Thursday by real estate data firm CoreLogic. more
Gasoline prices in Rhode Island continued to drop, marking the lowest point this year, according to AAA Southern New England’s weekly survey of gasoline prices. more
Bristol County, Mass., foreclosure starts climbed 94.6 percent in March compared with the same period last year, The Warren Group said Thursday. more
The Providence-Fall River-Warwick metro area added 900 construction jobs over the year ended in April, an increase of 5 percent that earned the region a spot at No. 122 in a ranking of U.S. metro areas in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released Tuesday. more
Rhode Island single-family homes sales fell 5 percent in April compared with the same period last year, while the median sale price rose 17 percent during the same period, the Rhode Island Association of Realtors said Tuesday. more
General Motors Co., Ford Motor Co., Chrysler Group LLC and Nissan Motor Co. all reported U.S. sales that exceeded analysts’ estimates in May. GM and Chrysler said industrywide sales were stronger than projected. more
The cost of living in the U.S. rose more than forecast in May, reflecting broad-based gains that signal inflation will move closer to the Federal Reserve’s goal. more
After three consecutive months of declines, the unemployment rate for the Providence-Fall River-Warwick metro area climbed slightly in May to 8 percent nonseasonally adjusted, compared with 7.8 percent a month earlier, the U.S. Bureau of Labor Statistics reported Tuesday. more
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