The numbers: Construction on new U.S. homes fell a seasonally adjusted 0.5% in November to 1.43 million, the Commerce Department said Tuesday. The drop in construction on homes follows the Read more
Tag: Housing Issues
Opinion: Opinion: Household wealth falls $13.5 trillion, second worst drop on record
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than Read more
‘The fever appears to be breaking’: High rents are still contributing to U.S. inflation, but growth is slowing
Inflation may be easing, but October’s 7.7% increase in the U.S. consumer-price index compared with a year earlier was still being driven largely by higher shelter costs. Consumer prices rose Read more
What the midterm elections mean for your taxes, inflation, living standards, and stock portfolio
During the midterm elections, personal finances were on the ballot. In addition to considering what the array of candidates could do to bring relief to high prices, voters considered ballot Read more
‘It’s kind of a perfect storm in those markets’: Rent growth is declining in these Sunbelt cities
The Sunbelt’s hottest pandemic rental markets are chilling out. The Sunbelt — a region that includes the southeastern and southwestern U.S. states— hosted many of the country’s fastest-growing markets for multifamily Read more
Home buyers are looking a lot older — and whiter
The characteristics of first-time home buyers are shifting as homeownership grows more unaffordable and out of reach for many, the new annual report says. The share of first-time buyers in Read more
Opinion: What NASA knows about soft landings that the Federal Reserve doesn’t
The Federal Reserve still has a chance to meet both of its main goals — strong economic growth and stable prices — but time is running out to achieve a Read more
Opinion: What NASA knows about soft landings that the Federal Reserve doesn’t
The Federal Reserve still has a chance to meet both of its main goals — strong economic growth and stable prices — but time is running out to achieve a Read more
Move over Florida — Pennsylvania dominates ‘Best Places to Retire’ rankings
Sure, Florida still has some allure for retirees, but Lancaster, Pa. nabbed the top spot for the best retirement destination amid concerns about housing affordability. According to U.S. News & Read more
This chart shows the widening gap between renters’ wages and their housing costs. Here’s what can be done to help.
For years, there’s been a gap between renters’ housing costs and their incomes. And it got even worse during the pandemic, when rents soared and earnings stagnated. That’s according to Read more