The GDP report next week will likely show record-breaking economic growth, but it may not help TrumpSearch quotes, news & videos (Source)
Fed's Brainard: 'Highly uneven' recovery needs more stimulusSearch quotes, news & videos (Source)
Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month.A drop in buyer demand caused total mortgage application volume to fall 0.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.Applications to...
Contractors install shingles on the roof of a home under construction in Park City, Utah, U.S., on Friday, Aug. 14, 2020.George Frey | Bloomberg | Getty ImagesThe nation's homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever.Builder sentiment...
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, Feb. 11, 2020.Andrew Harrer | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but...
After a record-setting July, the housing market still shows no sign of cooling off.Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate of 6 million units, according to the National Association of Realtors. Sales were 10.5% higher compared with August 2019. This is the highest...
A Kelly Center for Hunger Relief volunteer sorts through food for distribution as residents in vehicles wait in line at a church in El Paso, Texas, on July 17.Joel Angel Juarez/Bloomberg via Getty ImagesAre you in the top 1%, 5% or 10% of the U.S. income and wealth...
shapecharge | E+ | Getty ImagesRacial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social injustice, finding in a new study that $16 trillion...
The number of first-time filers for unemployment benefits were slightly higher than expected last week as the labor market continues its sluggish recovery from the coronavirus pandemic.The Labor Department reported Thursday that initial jobless claims for the week ending Sept. 19 came in at 870,000, adjusted for seasonal...
Exceptional demand for new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted.Sales of newly built homes jumped to the highest level in 14 years in August, but builders' supply dropped to just 3.3 months' worth at the...