Recent housing data brought some better than expected news, while wholesale inflation cooled in December. The contraction in manufacturing continued this month. Here are the details: -Sales of Existing Homes Higher Than Expectations-Two Sides to Housing Starts Data-Is the Uptick in Builder Confidence...
Are Signed Contracts on Existing Homes Set to Rebound This Year?Pending Home Sales fell 4% from October to November, marking the sixth straight monthly decline. Sales were also 37.8% lower than they were in November of last year. This is a critical report...
Week of August 22, 2022 in Review Fed Chair Jerome Powell gave an important speech at the annual Jackson Hole Economic Symposium, while two July housing reports showed a slowdown in signed contracts for new and existing homes. Here are the key stories:...