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May 06, 2016

WASHINGTON — Long-term U.S. mortgage rates fell this week, following the Federal Reserve’s decision not to raise its benchmark interest rate.

The decline put long-term mortgage rates near their low levels for the year, offering an inducement to prospective home buyers during...


Growth at services firms strengthened in April

May 05, 2016

WASHINGTON — A private survey says growth accelerated in April at U.S. services companies, a potential positive for the economy after a sluggish start to 2016.

The Institute for Supply Management said Wednesday that its services index climbed to 55.7 in April, the highest level this...


Trucks, SUVs lift auto sales to April record

May 04, 2016

DETROIT — America’s love of trucks and SUVs helped push the auto industry to its best April ever, with most automakers reporting healthy increases.

U.S. consumers bought just over 1.5 million vehicles in April, nudging out the old record set in April of 2005, according to...


Construction spending rises slightly, led by home building

May 03, 2016

WASHINGTON — U.S. construction spending advanced in March to its highest level in more than eight years. Gains in home building and nonresidential construction offset a drop in government projects.

Construction spending rose 0.3 percent in March after a 1 percent gain in February,...