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      • Housing construction in March surged to levels near those of December 2003, when they were at their highest levels in almost 20 years.

      • In the first quarter of 2004, the national homeownership rate remained at a record high of 68.6 percent, originally set in the fourth quarter of 2003.

      • Minority homeownership set a new quarterly record of 50.8 percent in the first quarter, up 0.2 percentage points from the fourth quarter and up 1.5 percentage points from the first quarter of 2003.

      • Inflation remains restrained, with the core CPI rising only 1.6 percent and the core finished-goods PPI rising only 0.7 percent over the last 12 months.

      • Mortgage rates remain near historic lows, making homebuying easier and more affordable.

    • American companies are reporting historic levels of growth.

      • Productivity grew from 2000 to 2003 at the fastest 3-year rate in more than 50 years. This has bolstered profits and will lead to significantly higher real wages for workers.

      • More manufacturers are reporting increased activity and new orders than at any time in 20 years. The ISM Manufacturing employment index in March was at its highest level since 1987.


July 11, 2006
President Bush Discusses Mid-Session Review
Today Vice President Dick Cheney and his wife Mrs. Lynne Cheney welcomed their fifth grandchild, Richard Jonathan Perry. He weighed 7 pounds, 4 ounces and was born at 11:19 a.m. at Sibley Memorial Hospital in Washington, D.C., July 11, 2006. His parents are Liz Cheney and Phil Perry, the daughter and son-in-law of the Cheneys. White House photo by David Bohrer
 
July 11, 2006
President Bush Discusses the Economy in Wisconsin
President George W. Bush shows off his new red, white and blue shoes that were presented to him during his visit to the Allen-Edmonds Shoe Corporation in Port Washington, Wis., Tuesday, July 11, 2006. "I'm thrilled with my new shoes," said the President to the press. "I wish I had them on the Fourth of July." White House photo by Kimberlee Hewitt
 
July 11, 2006
Setting the Record Straight: The President's Policies Are Increasing Tax Revenues and Growing Our Economy
 
July 8, 2006
President's Radio Address
 
More News »
  Briefing Excerpts 2/12/2004
  Briefing Excerpts 1/21/2004
  Briefing Excerpts 1/15/2004
  Briefing Excerpts 1/6/2004
  Briefing Excerpts 12/30/2003
  Briefing Excerpts 11/26/2003
  Briefing Excerpts 11/25/2003
  Briefing Excerpts 11/7/2003
  Briefing Excerpts 11/5/2003
 
More Excerpts »
  Strenghthening America's Economy and Creating Jobs in Wisconsin
  Dismantling the Barriers to Homeownership
  Opening New Markets for America's Small Businesses
  Expanding Homeownership for All Americans
  Opening New Markets for America's Workers
  President Bush Urges Congress to Make Tax Cuts Permanent
  Economists & Industry Respond
  Dept. of Commerce
  Dept. of Labor
  OMB
  Dept. of Treasury

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