Single-family home completions remain stuck at early pandemic levels as of September as costs, labor supply shortages and high interest take a toll on home builders, especially in the Northeast and South.
Consumer prices rose 0.6 percent in September and were up 3.7 percent from a year earlier.
The American job market grew this month, albeit far below forecasts.
Mortgage rates rose again this week, putting the average 30-year fixed-rate loan at its highest level in some time and adding to costs for prospective homebuyers heading into the fall.
Scientists who worked out how to control brain cells with light have won this year’s Nobel prize in physiology or medicine.
Mortgage rates rose sharply again this week, pushing further above the 7% mark, according to Freddie Mac’s latest data.
U.S. consumer confidence fell sharply in September, with the Conference Board’s Consumer Confidence Index falling 6.7 points to 81.9, down from 88.6 in August. The
Scientists have identified a massive new crater on the moon.
Hockey has made it big on the small screen.
The Federal Reserve raised its benchmark interest rates for the first time since 2023 on Wednesday, aiming for a timelier return to the central bank’s 2% goal. This increase raises the central bank’s target by a quarter percentage point, to a range of 3.75% to 4.00%.
The American job market bounced back last month. Employers added 162,000 jobs in August, the Bureau of Labor Statistics reported Friday, against forecasts of a 65,000 gain.
Consumer prices rose 0.4 percent in August and were up 3.4 percent from a year earlier, the Bureau of Labor Statistics reported Friday, matching July’s annual rate but up sharply from its 0.1 percent monthly gain.