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slump

Economy

Housing Slump Brings U.S. Economy Down;Manufacturing Stalls

by Charles Feldman | November 1, 2006

Bad news overall for the U.S. economy and mostly due  to weak construction spending and weak home sales, according to a report Wednesday by Reuters News Service.
According to the report, U.S. manufacturing growth “came close to stagnating” last month and experts are saying this downturn is housing led.
Figures reported by Reuters are telling: “U.S. construction [...]

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Economy

Housing Slumps; U.S. Economy Catches Cold

by Charles Feldman | October 28, 2006

It is not uncommon for people to catch cold during the fall and winter months, but it would appear the U.S. ecomony is also feeling a bit of a chill, and some experts say the recent slump in housing sales is to blame.
The U.S. Commerce Department reported that overall growth slipped to 1.6 percent during [...]

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