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Economy expanding, Fed says

Housing cited in most regions, including Arkansas’

Posted: March 7, 2013 at 3:36 a.m.

Homes under construction stand in the Hovnanian Enterprises Inc.'s Four Seasons housing development in Beaumont, California, U.S., on Monday, March 4, 2013. Hovnanian Enterprises Inc., the best-performing U.S. homebuilder stock in the past 12 months, reported a narrower loss for its fiscal first quarter as sales and orders increased amid a housing rebound. Photographer: Patrick T. Fallon/Bloomberg

The U.S. economy has expanded at a modest to moderate pace recently across most of the country amid rising demand for homes and autos, the Federal Reserve said Wednesday.

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Business, Pages 21 on 03/07/2013

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