Sales of newly-constructed single-family homes ticked up just 0.7% in October from September, a rather flat result underlining the fact that the housing market is slowing down.
Consumer confidence climbed to a more than seven-year high in November as Americans' views of their financial well-being improved heading into the holiday shopping season.
1 of 5. Matt Giardina carries his purchase, a HDTV, at a Best Buy store on the shopping day dubbed 'Black Friday' in Framingham, Massachusetts November 25, 2011.
WASHINGTON - More Americans than forecast filed for unemployment benefits last week, a possible sign the pace of improvement in the labor market has cooled.
The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers.