Homebuilding Slumps in May as Fed Interest Rate Policy Weighs on Construction
Housing starts declined 9.8 percent in May to the slowest pace since the pandemic-striken June 2020.
homebuilding
Homebuilding Leads Rebound In U.S. Construction Spending
Construction spending rebounded in February, led by a pickup in homebuilding, after a decline in the previous month. The data suggests the residential sector continues to drive construction activity despite elevated borrowing costs and lingering affordability challenges. The Commerce Department
Breitbart Business Digest: What Was the Fail Whale Anyway?
The infamous Twitter Fail Whale came to mind today when shares of Twitter fell below where they had closed on the day before Elon Musk announced his acquisition of a big stake in the company.
Bidenflation Hits U.S. Construction: America Spent More to Build Fewer Houses in July
Spending to build new single-family homes rose sharply in July even though housing starts fell by more than expected, indicating that inflation is weighing on the housing market by pushing costs higher.
Disaster Averted: Homebuilding Rose in October
October was not the disaster some feared after the steep decline in homebuilder sentiment.
