Senate Republicans and Democrats rejected each other’s economic stimulus bills on Thursday, underscoring their inability to craft a bipartisan solution on job creation before next year’s elections. All 47 Senate Republicans, joined by two of President...
U.S. apartment vacancies fell to a five-year low in the third quarter, enabling landlords to increase rents even as tepid job growth slowed leasing in what is usually a strong season for demand, Reis Inc. said. The vacancy rate dropped to 5.6 percent, the lowest since...
CAMBRIDGE – Why is everyone still referring to the recent financial crisis as the “Great Recession”? The term, after all, is predicated on a dangerous misdiagnosis of the problems that confront the United States and other countries, leading to bad forecasts and bad...
WASHINGTON (Reuters) – Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study by a Washington think tank said on Wednesday. At a time when lawmakers are facing tough choices in a quest to...
New York City may be the nation’s largest metropolitan area in terms of population, but it can’t compete with Houston when it comes to residential construction activity. The collective value of all private housing projects authorized in the Houston area...
Despite the Phoenix housing market getting hammered by the recession in recent years, it was the No. 7 metro area last year in terms of new home construction activity. The collective value of all private housing projects authorized in the Phoenix area last year was...
