High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
Real Estate Markets
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks
Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates....
America Is Back in the Factory Business
Record spending on manufacturing construction heralds a made-in-the-U.S. rebound, stoked by green-energy incentives and concerns about foreign supply chains. Source...
China’s Housing Market Has Plenty of Space but Not Enough Buyers
Around a third of all newly completed apartments in the country went unsold in 2022. Source link
Biden Administration to Cut Mortgage Insurance Costs for Lower-Income Buyers
PoliticsFederal Housing Administration will reduce the annual fee borrowers pay for its insurance by about $800 Source link
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus
EconomyEconomy Week AheadThe Federal Reserve also slated to release minutes about interest rates Source link
Economy Week Ahead: Jobs Report, Fed Minutes in Focus
EconomyEconomy Week AheadData will gauge health of the U.S. labor market, offer details on central bankers’ interest-rate discussions Source link
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
Home Prices Slid in September for Third Straight Month
EconomyU.S. EconomyCase-Shiller index fell 1% in September from August amid higher interest rates Source link
U.S. Home Sales Fell for Ninth Straight Month in October
Sales of previously owned homes declined to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May...
Home Depot Sales Up 5.6% in Third Quarter
BusinessEarningsHome-improvement retailer logs logs higher sales despite fewer transactions Source link
Economy Week Ahead: Federal Reserve and Other Central Banks in Focus
Federal Reserve Chairman Jerome Powell’s remarks are always of interest to investors. Photo: BRENDAN MCDERMID/REUTERS Sept. 18, 2022 3:00 pm...
Economy Week Ahead: Job Market and Home Prices in Focus
The Labor Department will release July employment data this week. Job seekers attend a summertime job fair in Jackson, Miss....
U.S. Home-Sales Report for July Comes as Housing Market Cools
The National Association of Realtors’ July report on existing-home sales will cap a week of figures that so far have...
Economy Week Ahead: U.S. Growth, Interest Rates and Wages in Focus
Tuesday The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas, will show...
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs...
Consumer Sentiment at Record Low Is Another Ominous Sign for Economy
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding...
Economy Week Ahead: Jobless Claims, Housing Data
Economists expect reports to show March declines in housing starts and existing-home sales. Source link
