Economic News

Demand is steadily increasing for housing, but inventory continues to tighten, leaving existing home sales in a steadily improving position, restricted by the low number of available units for sale.

Builder confidence has continued to improve, but has just had a setback, and although small, it could result in some slight forecasting adjustments for housing.

After a bitter fight, homeowners are finally being compensated for big banks illegally foreclosing, but in a cruel twist, the government is firing independent complaint reviewers and asking the banks themselves to determine if they were abusive.

Small business optimism saw a slight improvement in January, but the NFIB calls it a "drag," with various readings at historic lows. Businesses will be watching tonight for the President's State of the Union address to see how he responds.

As Texas Governor Rick Perry tours California, rallying for companies to take their business to Texas, one economist offers data stating jobs rarely leave the state, but people do.

After recent changes in the California business climate, Texas Governor Rick Perry is on tour meeting with California companies about bringing their business to the Lone Star State.

After two years of existence, Obama's Jobs Council winds down today, which is drawing fire from critics and clarity from supporters, as the timing coincides with a poor jobs report today.

Mortgage application volume fell last week, even accounting for the federal holiday, as certain interest rates jumped up a bit in the same period.