Updated March 5 at 5:05pm
Housing
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The U.S. economy barely grew in the first quarter as harsh winter weather chilled investment and exports dropped. The expansion stalled even as consumer spending on services rose by the most in 14 years. more
The homeownership rate in the U.S. declined to the lowest in almost 19 years as rising property prices and mortgage rates held back demand. more
The Consumer Price Index in the Northeast rose 1.5 percent on a non-seasonally adjusted basis during the 12 months ended in March, matching the increase in the national index during the same time period, according to a report from the U.S. Bureau of Labor Statistics. more
Rhode Island will receive $4.1 million in U.S. Housing and Urban Development grants to renew support for 36 local homeless housing and service programs in the state, HUD Secretary Shaun Donovan announced Tuesday. more
Rhode Island saw 1,468 foreclosures for single-family and multifamily homes in 2013, a 10.2 percent decline from 1,634 foreclosures the previous year, affordable homes coalition HousingWorks RI reported Friday. Overall, 22 Rhode Island cities and towns saw foreclosures decline last year, while 12 municipalities and Providence’s East Side saw foreclosures increase and five saw no change. more
The U.S. Department of Housing and Urban Development on Wednesday awarded nearly $1.8 billion to improve and preserve public housing in all 50 states including Rhode Island, which received $12.6 million. more
The Consumer Price Index in the Northeast remained largely unchanged during the 12 months ended in February, according to a report released Tuesday by the U.S. Bureau of Labor Statistics. more
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