The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday. The Read more
Tag: Residential Building Construction
U.S. building permits fall 11.2% in November, while housing starts only dip slightly
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
Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.
The numbers: The National Association of Home Builders’ monthly confidence index fell two points to 31 in December, the trade group said on Monday. It’s the 12th month in a Read more
This fund beats the S&P 500 by using 75 of its stocks. Here’s how it works.
What worked well during the years-long bull market through 2021 — a focus on growth, regardless of price — has ground to a halt this year. The rebirth of the Read more
Housing starts drop 4.2% as high mortgage rates scare off home buyers
The numbers: Construction on new houses fell 4.2% in October as high mortgage rates scared off buyers and forced builders to scale back, a situation that’s likely to fester through 2023. Read more
Home builder sentiment continues to sour in November
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 5 points to 33 in November, the trade group said on Wednesday. It’s the record eleventh month Read more
From ‘coastal grandmother’ style to accessible farmhouse furniture, boomers are becoming popular among big brands
It was only three years ago that young millennials and Gen Z coined the phrase “OK, Boomer” as a way to dismiss and label their elders as old-fashioned. In addition, Read more
As mortgage rates dip below 7%, ‘millennials should jump at a 6% mortgage like bears grabbing for honey’
Mortgage rates took a slight dip below 7% after a better-than-expected economic report showed inflation was easing. One financial pro says the dip is an opportunity prospective homebuyers shouldn’t miss Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more