The pace of growth in the US manufacturing sector rose in August to its highest level since March 2011, according to an industry report released Tuesday.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 59.0 from 57.1 the month before. A reading above 50 indicates expansion in the manufacturing sector.
US ISM Survey
July was the second consecutive month in which foreclosure starts were up month-over-month.
Foreclosure activity increased from a year ago in eight of the markets with top 10 highest foreclosure rates. The two markets with decreases in foreclosure activity from a year ago were Miami, down 10 per cent, and Tampa, down 14 per cent.
ate that although the foreclosure crisis is well behind us, the messy business of cleaning up the distress lingering from the housing bust continues in many markets,” said Daren Blomquist, vice president at RealtyTrac. “The annual increase in foreclosure auctions indicates mortgage servicers are finally adjusting to the new paradigms for proper foreclosure that have been implemented in many states.”