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
Housing crash fades as defaults decline to 2007 level
Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened. more
Small-business optimism in U.S. climbs for third month in a row
Confidence among U.S. small businesses rose in February for a third month as more company leaders said they will invest in equipment and stockpiles. more
To save Greece, the world must stop lending it money
The Greek rescue program is seriously derailed. By the end of this year, the economy will be one-fifth smaller than it was five years ago, and the government is forecasting another 4.5 percent decline in 2013. more
11/12/12
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
Sales of U.S. existing homes probably climbed for 3rd month
Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market, economists said before a report today. more
Home price index continues to rise in Prov. metro in March
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 1 percent from March 2012 to March 2013, according to CoreLogic’s Home Price Index. more
| 5/7/13
Parking revenue on rise
After a six-month wait for needed approvals, Metropark LTD. recently opened a new surface parking lot at 43 Weybosset St. behind the old National Bank façade. “Restaurants are doing better than last year and, yes, there are more people working downtown. … Demand [for parking] is up,” said Charlie Meyers, president of Metropark. The company’s citywide revenue is up 10 percent this year. Revenue from city parking meters is also up, 55 percent since 2009, according to Providence Parking Administrator Leo Perrotta. more
7/23/12
Machinery order gains show U.S. companies to grow
Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity. more
Bloomberg News | 3/4/13
U.S. stock futures little changed after Dow average tops 15,000
U.S. stock futures were little changed, after the Dow Jones Industrial Average climbed above 15,000 for the first time yesterday, as investors awaited earnings from News Corp. and Monster Beverage Corp. more
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