Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting three small rate cuts this year rather than a dramatic move next week. Continue reading
Sales of new single-family homes dropped 8.2 percent year over year to a seasonally adjusted annual rate of 652,000, which still beat analysts’ expectations of a rate of about 630,000 units. Continue reading
The slight monthly boost comes as builders continue to face cooled buyer demand in response to elevated mortgage rates and high home prices. Housing starts and completions are not on track to meet national inventory needs this year with builder sentime… Continue reading
Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June. Continue reading
Existing-home sales declined by 2.7 percent from May 2025 but held steady compared to one year ago. Mortgage rates and high home prices continue to dissuade potential buyers. Continue reading
Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives. Continue reading