New Reports Indicate Housing Market Is Improving
- April 23, 2010
With a nod to our last post featuring an article about increased spending on the rise, recent reports also indicate the housing market is improving. The National Association of Home Builders/Wells Fargo index of builder confidence increased this month more than economists forecast, and the Commerce Department reported that U.S. builders broke ground on more homes in March than anticipated.
Increased Spending Gives Rise To Optimism On Recovery
- April 20, 2010
Economists are revising forecasts and predicting a stronger economic recovery as a result of surging profits. A wide range of companies are increasing spending, giving rise to the optimism. "Companies have a lot more capital, and they're going to deploy it for equipment and hiring rather than sit on it," said Joseph LaVorgna, chief U.S. economist in New York at Deutsche Bank Securities. "It's quite possible the economy produces a recovery significantly stronger than people anticipate."