Playlist: Home prices, mortgage securities
Posted by Katharine Crnko
For Marketplace Morning Report, Tuesday March 29, 2011
Here are the latest headlines from the Marketplace Morning Report and around the web.
We got the S&P Case Shiller index which found average prices at their lowest level in 11 years. Prices dropped in all of the 20 cities in the survey except Washington, DC. It's a double dip housing recession. You can check out Marketplace's coverage here.
Meanwhile, homebuilder Lennar says it swung to a profit in the last quarter.
Federal regulators are proposing to exempt conservative mortgages from new rules aimed at getting banks to take on more risk when trading mortgage securities.
A monthly survey says soaring prices in gas and other household costs pulled down consumer confidence in March.
Toyota told its main suppliers not to expect a restart of production in Japan until at least April 11, a source with knowledge of the matter said on Tuesday, declining to be identified.
The Governor of Michigan has signed off on that plan we told you about yesterday. The one that would cut the number of weeks Michigan's unemployed can get state benefits from 26 weeks to 20 weeks.
Spicemaker McCormick says sales jumped 2 percent last quarter. That was all thanks to consumers kicking their cooking up a notch in the US and Asia. Europe and the Middle East apparently only wanted a pinch of spice. They saw a 10 percent drop in sales.
You can read the rest of today's headlines from the Marketplace Morning Report here.
Here are the songs we played: