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.
Category Archives: National
Inflation Rises to 3.7 Percent in September as Gas Prices Surge
Consumer prices rose 0.6 percent in September and were up 3.7 percent from a year earlier.
U.S. Economy Underperforms Expectations in September
The American job market grew this month, albeit far below forecasts.
Mortgage Rates Hit Highest Level in Years
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.
How pond algae led to a Nobel prize and a new way to study the brain
Scientists who worked out how to control brain cells with light have won this year’s Nobel prize in physiology or medicine.
Mortgage Rates Jump to for a Third Straight Week
Mortgage rates rose sharply again this week, pushing further above the 7% mark, according to Freddie Mac’s latest data.
Consumer Confidence Slides Nationally; Grocery Costs Up in Maine
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 September rating comes following two prior months of decline. Consumer perceptions reflect the worsening views of both current economic conditions and the outlook for the future. Additionally, the Present Situation …
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Lunar Reconnaissance Orbiter Discovers New Crater on the Moon
Scientists have identified a massive new crater on the moon.
How Heated Rivalry, Off Campus and Shoresy are challenging hockey’s old ideas
Hockey has made it big on the small screen.
Fed raises interest rates for the first time since 2023
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%.