U.S. at risk of recession from housing
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JACKSON HOLE, Wyoming  - The weak housing market could topple the country into a full-blown recession and the Federal Reserve should slash interest rates aggressively, one of the country's most prominent economists warned on Saturday.
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More than a million homeowners could be at risk of serious financial difficulty in an economic slowdown, City regulator warns
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A downward spiral of falling house prices and reduced lending threatens the economy, an economist warns.
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A panel of banking economists has put the odds of a recession near 50 percent as the economy works through a housing slump this year.
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The drop-off is likely to hurt businesses that serve the housing industry, which economists donât expect to bottom out until the middle of the year.
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Weak durable goods orders in November fueled concern on Thursday over the resilience of the U.S. economy to the country's steep housing slump.
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The nation&#39;s housing boom could give way to a housing bubble and recession in 2006, a UCLA economist concluded in the widely watched Anderson Forecast covering the California and national economies.
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The health of the British economy is threatened by the risk of recession in the United States and interest rate cuts are required, a member of the Bank of England's rate-setting committee said Monday.
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The chances of an economic recession are increasing as troubles in the housing sector and credit markets take their toll, according to a survey of economists released on Monday.
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Housing starts nationwide sank to a 14-year low last month as concern grew about the effects the faltering industry could have on the U.S. economy.
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WASHINGTON - The two-year US housing recession deepened in September while inflation remained in check, buttressing Federal Reserve chairman Ben S. Bernanke's focus on real estate as the major threat to growth.
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Two Federal Reserve officials said Monday that problems in housing and mortgage lending have begun to threaten the overall economy.
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Home ownership will remain out of reach for millions of Americans, despite slumping house prices, unless low-income wages grow faster, according to a national housing study released Monday.
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U.S. housing industry economists on Monday cautioned that rapid house price gains in some areas of the country may not be sustainable.
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Some economists are starting to question the magnitude of housingÂs impact on national habits of spending and thrift.
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Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.
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The U.S. economy can weather a   slowdown in the housing sector as rising incomes and business   investment offer support, Federal Reserve officials said on   Wednesday as they pointed to inflation risks.