The prices of new homes in China fell for the first time in more than six years, as Beijing’s regulatory crackdown continues to weigh on one of the nation’s biggest economic drivers. Average new-home prices in 70 major cities were 0.11% lower in April from a year earlier, according to a Wall Street Journal analysis […]
Surging mortgage rates, sky-high prices, and low inventory are weighing heavily on prospective buyers and builders alike as several key gauges of the housing market have fallen to the lowest levels since the early days of the pandemic. Sales of previously owned homes in April fell 2.4% from March to a seasonally adjusted annualized rate […]
Sentiment among corporate executives has fallen sharply in recent months, with the majority expecting a recession ahead, according to The Conference Board’s quarterly survey of CEOs. More than half, 57%, of the survey’s respondents expect inflation to come down over the next few years, but not without the economy falling into a “very short, mild […]
Gas prices continue to surge, and the annual amount American households are spending to fill their tank is nearly double what it was last year. U.S. households are now spending the equivalent of $5,000 per year on gasoline, according to Yardeni Research. That’s up from $2,800 last year. As recently as March, the annual rate […]
Concerns about inflation have U.S. consumers feeling worse than they have in more than a decade. The University of Michigan’s consumer sentiment index dropped to 59.1 from 65.2 in April, the lowest level since 2011. The drop reversed a short-lived uptick seen in April. The month’s reading was lower than all estimates in a Bloomberg […]
