Housing boom is over as new home sales fall to pandemic low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. …
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The rapid growth the U.S. economy has seen is about to hit a wall
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, …
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Yellen urges Congress to raise or suspend the debt limit by Aug. 2
Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary measures” on Aug. 2 to prevent the U.S. government from defaulting if lawmakers …
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Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a seasonally adjust annualized rate of 5.86 million units, according to …
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U.S. jobless claims show surprise gain, well above expectations
Weekly jobless claims unexpected moved higher last week despite hopes that the U.S. labor market is poised for a strong recovery heading into the fall. Initial filings for unemployment insurance …
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The bond market is torn over the potential for higher inflation and lower growth
A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters A volatile environment for …
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Builders pull back as more homebuyers are priced out of the market
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several …
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It’s official: The Covid recession lasted just two months, the shortest in U.S. history
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters The Covid-19 recession …
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Yellen sees ‘several more months of rapid inflation’ before easing, worries about housing impact
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a …
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