Originally published on Thu January 17, 2013 12:53 pm
There were 335,000 first-time claims for unemployment insurance last week, down 37,000 from the week before, the Employment and Training Administration reports.
That's the lowest total for any one week since January 2008.
Sales of new homes edged down 0.3 percent in October from September, but were a healthy 17.2 percent above the pace of October 2011, the Census Bureau and Department of Housing and Urban Development report.
Sales of new single-family homes rose 5.7 percent in September from August and at an annual rate of 389,000 hit the fastest pace since April 2010, the Census Bureau and the Department of Housing and Urban Development say.
Sales were up 27.1 percent from September 2011.
Reuters calls the news "further evidence the housing market recovery is gaining steam."
While the number of new homes sold in August was barely changed from July, the median sales price was up sharply, the Census Bureau and Department of Housing and Urban Development report. So the news adds to other recent signs, including Tuesday's report about higher home prices in major cities, of a recovering housing sector.
When Davelle Reggans heard that her former lender had settled a federal lawsuit claiming discrimination against African-American and Latinos for $335 million, the story sounded familiar.