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Economists and policymakers got what they were looking for Monday: a clear uptick in the housing market. The catch is, few believe it's sustainable. Every piece of housing data is scrutinized these days because it was primarily the housing market that derailed the U.S. economy, and its recovery is key to restoring economic vitality.
By Dina ElBoghdady
Third quarter data on gross domestic product suggests that the recovery started with less of a bang than originally reported.
By Neil Irwin
Lending by American banks plunged by 2.8 percent in the third quarter, the largest drop since at least 1984 and the fifth consecutive quarter in which banks have reduced lending, the Federal Deposit Insurance Corp. reported Tuesday morning.
By Binyamin Appelbaum
Joblessness for 16-to-24-year-old black men has reached Great Depression proportions -- 34.5 percent in October.
By V. Dion Haynes
The mortgage finance giant says it's trying to minimize losses on more than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business.
By Zachary A. Goldfarb
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ECONOMIC CRISIS HEADLINES
• Sharp drop in lending largest since 1984
• Blacks hit hard by economy's punch
• Home sales rebound to early-2007 level
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