New residential construction, including single-family and multifamily homes, tumbled by the largest amount in four years as rising mortgage rates weaken housing activity. Housing starts fell 14.7% month over month in March, dropping from a 1.55 million units annualized pace to 1.32 million units annualized, according to data from the Census Bureau released Tuesday. Single-family
New residential construction, including single-family and multifamily homes, tumbled by the largest amount in four years as rising mortgage rates weaken housing activity. Housing starts fell 14.7% month-over-month in March, dropping from 1.55 million units annualized pace to 1.32 million units annualized, according to data from the Census Bureau released Tuesday. Single family starts fell
Homebuilder stocks fell on Monday after a closely watched housing sentiment index broke a four-month streak of gains amid high mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) stayed at 51 in April, unchanged from March. To be sure, any number over 50 indicates that more builders view conditions
Homebuilder stocks fell on Monday after a closely watched housing sentiment index broke a four-month streak of gains amid high mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) stayed at 51 in April, unchanged from March. To be sure, any number over 50 indicates that more builders view conditions
Homebuilder stocks fell on Monday after a closely watched housing sentiment index broke a four-month streak of gains amid high mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) stayed at 51 in April, unchanged from March. To be sure, any number over 50 indicates that more builders view conditions
Economists are weighing in after US consumer prices came in hotter than expected in March. The general consensus? Don’t expect rate cuts anytime soon. “Today’s crucial CPI print has likely sealed the fate for the June FOMC meeting with a cut now very unlikely,” Seema Shah, chief global strategist at Principal Asset Management, said in
More viewers are cutting the cord in favor of less expensive streaming packages. But Alphabet-owned YouTube (GOOG, GOOGL) has seen success by mimicking the one thing consumers seem to be ditching. YouTube TV, the internet pay-TV service that allows viewers to watch live channels and access local broadcast networks like ABC, CBS, FOX, and NBC,
Stocks nudged higher on Friday, headed for a reprieve from losses as jittery investors digested the crucial monthly jobs report and kept one eye on surging oil prices. The Dow Jones Industrial Average (^DJI) put on roughly 0.1%, or 20 points, while the S&P 500 (^GSPC) added 0.3% on the heels of its worst single-day
US stocks moved higher on Tuesday as markets looked to continue a record-setting run that has become the story on Wall Street during the first quarter of the year. The S&P 500 (^GSPC) rose about 0.3%, while the Dow Jones Industrial Average (^DJI) edged higher by roughly 0.1%. The tech-heavy Nasdaq Composite (^IXIC) led the
US stock futures were pointing to a higher open Tuesday as stocks looked to continue a record-setting run that has become the story on Wall Street during the first quarter of the year. Futures on the S&P 500 (^GSPC) rose nearly 0.4%, while those tied to the Dow Jones Industrial Average (^DJI) edged higher by