The U.S. economy grew even faster in the third quarter than initially thought, posting the strongest six months of growth in more than a decade and pulling further ahead of other big economies of the world.
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U.S. home prices rose in September at the slowest pace in more than two years, reflecting modest sales gains and a rising number of available homes.
Americans are slowly but steadily borrowing more money, bringing to an end a five-year effort to cut household debt that has slowed consumer spending and the economy.
Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.
Federal Reserve policy-makers discussed a variety of economic threats at their October meeting — from turbulent financial markets to overseas weakness — but decided to move forward with plans to end their landmark bond buying program.
Lowe's third-quarter earnings jumped 17 percent as home improvement retailers continue to rebound from a tough start to the year, reaping gains from a nascent recovery in the housing market.
Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector.
Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills rising to their highest point since March.
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