Tag Archives: Commerce Department

US new-home sales rise to highest in 2½ years

WASHINGTON — U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy. The Commerce Department said Wednesday that new ...

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Gov’t: Great Recession bit less weak than thought

WASHINGTON — Here’s a small consolation: The Great Recession wasn’t quite as horrendous as previously thought. But it was still pretty horrendous: Updated government estimates from January 2009 through December 2011 show that the downturn remains by far the worst ...

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Retail sales rise for sixth straight month

WASHINGTON — Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Retail sales rose 0.2 percent in November, the Commerce Department said Tuesday. That’s ...

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