How the Economy Surprised Everyone in 2023, By the Numbers
In a year full of big numbers, with strong gains for stocks and even more fantastic flights for crypto, it was one shrinking number that superseded all.
Forecast: Big Drop in Home Sales, Big Jump in Multifamily Starts
Economists at Fannie Mae expect a significant drop in sales of existing single-family homes this year, along with a significant jump in the start of construction on multifamily buildings.
Construction Worker Shortage Weighs On Hot US Housing Market
The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year.
US Pending Home Sales Jump In July
Contracts to buy previously owned U.S. homes surged in July after two straight months of declines as demand rose almost across the board, suggesting the housing market remains on solid ground despite last month’s drop in home resales.
Reuters Poll: U.S. Housing Market Seen Strong Enough To Handle Fed Rate Hikes
The U.S. housing market is probably strong enough to...
