Births outnumber deaths in California, and yet the U.S. Census Bureau says the population shrank again as more than 300,000 people moved out of the Golden State.
After the dismal homebuilder sentiment data earlier in the week, it is no surprise that analysts expected a drop in both housing starts and building permits for November (the latest data) and they were right.
Newsfeed: US Building Permits Collapse In November, Multi-Family Plans Plunge Read More »
The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap.
It appears homebuilders are really starting to wake up to what Fed Chair Powell has been preaching as NAHB sentiment tumbled to the lowest level since June 2012 excluding the onset of the Covid-19 lockdowns.
Newsfeed: Homebuilder Sentiment Slumps To Decade Lows, Longest Losing Streak On Record Read More »
In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the last time it discussed output. And it wasn’t by a few thousand barrels per day, either.
Newsfeed: The Era Of Cheap Oil Has Come To An End Read More »
When an abandoned high school in Homestead, Pennsylvania, was listed for sale in 2019, Jesse Wig saw an opportunity.
The Federal Reserve raised short-term interest rates Wednesday by 0.50%, bringing benchmark interest rates to the highest level since 2007 while suggesting more rate hikes are coming in 2023.
Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday.
President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing’s goal to establish its currency internationally.
Newsfeed: China’s Xi Jinping calls for oil trade in yuan at Gulf summit in Riyadh Read More »
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, +1.43% DJIA, +1.58% COMP, +1.26% shed more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts.