Updated June 30 at 11:30pm
Housing
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The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics. more
The cost for a middle-income family to raise a child born last year to age 18 is $245,340, a 1.8 percent increase from the previous year and the smallest jump since the financial crisis, according to the government. more
Per capita consumer spending in Rhode Island grew 9 percent between 2009 and 2012, signifying improved consumer confidence since the Great Recession but lagging New England and U.S. spending growth for the same period, according to U.S. Bureau of Economic Analysis data released Thursday. more
Rhode Island Housing on Tuesday announced the launch of the agency’s FirstHomes Tax Credit program designed to help first-time homebuyers save as much as $2,000 annually on mortgage costs. more
Confidence among U.S. consumers soared in July to the highest level in almost seven years as Americans grew more upbeat about the labor market and the outlook for the economy. more
The homeownership rate in the U.S. fell to a 19-year low as rising prices and tight credit kept many first-time buyers out of the property market. more
U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as Facebook Inc. rallied on higher sales and growth in global manufacturing offset a drop in home sales. more
The Northeast regional Consumer Price Index rose 1.9 percent on a nonseasonally adjusted basis during the 12 months ended in June, a somewhat less significant increase than the 2.1 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics. more
Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S. more
HousingWorks RI, a housing policy research group that has been collaborating with Roger Williams University since 2012, officially joined the university’s division of Outreach and Engagement on July 1, the school announced Wednesday. more
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