Economic Indicators
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The Black Knight Home Price Index for the Providence metro area improved 2.6 percent in March compared with a year earlier, rising to $234,000 from $228,000, Black Knight Financial Services reported Tuesday. more
The average price of gasoline rose a penny in Rhode Island and was unchanged in Massachusetts this week, reversing two weeks of price declines in both states, according to the weekly survey by AAA Southern New England. more
The Providence-Warwick metro area saw its foreclosure rate decline in March to 1.82 percent compared with 2.89 percent during the same month a year earlier, real estate data firm CoreLogic reported Tuesday. more
Rhode Island single-family homes sales fell 5 percent in April compared with the same period last year, while the median sale price rose 17 percent during the same period, the Rhode Island Association of Realtors said Tuesday. more
Orders for durable goods unexpectedly climbed for a third month in April, a sign U.S. factories will help the world’s biggest economy strengthen. more
U.S. retailers’ first-quarter earnings are trailing analysts’ estimates by the widest margin in 13 years after bad weather and weak spending by lower-income consumers intensified competition. more
Rhode Island restaurants will see a 15.7 percent increase in employment during the 2014 summer season, according to a report released Thursday by the National Restaurant Association. more
Purchases of new U.S. homes rose in April for the first time in three months as buyers took advantage of falling mortgage rates. more
Sales of previously owned U.S. homes rose in April for the first time this year as the weather warmed, price increases slowed and more properties were put on the market. more
Rhode Island’s economic growth held steady in the first three months of 2014, according to the Rhode Island Current Economic Indicator index released Wednesday by the Rhode Island Public Expenditure Council and Bryant University’s Center for Global and Regional Economic Studies. more
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