Economic Activity
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Procaccianti Group purchases Renaissance Providence
The Procaccianti Group has purchased the 272-guest room Renaissance Providence Hotel from Sage Hospitality, the group announced Thursday. more
| 12/27/12
Heating oil fluctuates on weather forecast, stalled budget talks
Heating oil fluctuated as forecasts for colder weather in the U.S. Northeast and a decline in distillate stockpiles were tempered by concern U.S. lawmakers won’t reach a budget deal by the end of the year. more
Rhode Island Housing foreclosure counseling part of $1B U.S. effort
Since bringing the National Foreclosure Mitigation Counseling program to Rhode Island in 2007, the HelpCenter at Rhode Island Housing has provided foreclosure prevention counseling to more than 14,000 Rhode Islanders, the organization announced Thursday. more
| 12/27/12
Consumer confidence in U.S. fell more than forecast in Dec.
Confidence among U.S. consumers declined more than forecast in December as the budget debate in Washington soured Americans’ outlook for the economy. more
Bristol County, Mass., home sales rise 37% in November
Sales of single-family homes in Bristol County, Mass., rose 37 percent in November compared with the same period last year, The Warren Group said Thursday. more
Short holiday work week sees jobless claims fall in U.S.
Fewer Americans than forecast filed claims for unemployment insurance last week as state offices rushed to tally the data in a holiday-shortened period. more
R.I. home, condo sales and prices continue climb in November
Rhode Island single-family home sales rose 43 percent in November compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Providence metro home prices rise in October
Home prices in the Providence metropolitan area increased 1.47 percent year over year in October, according to the LPS Home Price Index report. more
| 12/26/12
U.S. holiday sales rise 0.7% as Washington hurts confidence
U.S. holiday sales growth slowed by more than half this year after gridlock in Washington soured consumers’ moods and Hurricane Sandy disrupted shopping, MasterCard Advisors SpendingPulse said. more
Bright Night to celebrate 10th anniversary on New Year’s Eve
Bright Night Providence will celebrate its 10th anniversary on New Year’s Eve with a day-long festival starting at noon on Dec. 31. more
| 12/24/12
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