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Robust U.S. housing data point to strengthening economy
Some economists expect the Fed to announce a reduction in its $85 billion monthly bond buying program later on Wednesday, although more believe it will wait until January or March.
A run-up in mortgage rates, in anticipation of the U.S. central bank tapering its monthly bond purchases, took some edge off the sector’s recovery earlier in the year, but not enough to halt the process as a steady increase in household formation from multi-decade lows props up demand.
U.S. financial markets were little moved by the data as investors awaited the outcome of the Fed meeting later on Wednesday.
Home & Garden
Construction on the Braemoor Commons senior housing development is underway and is getting high marks from some Planning Board members.READER COMMENTS: 0
Hillsborough pewterer continues an age-old craft.READER COMMENTS: 0
Dave Adams and his wife, Debby, were only in their 20s when they bought the old house at 210 Gates St. in the South End in 1974.READER COMMENTS: 0
What's our winter constant?READER COMMENTS: 0
Brief items of interest to New Hampshire's gardeners.READER COMMENTS: 2
New Boston hydroponic farmer produces year-round.