construction
- Market
Mortgage rates tick back up above 5%, another challenge for first-time home buyers
The 30-year fixed-rate mortgage averaged 5.22% as of August 11, according to data released by Freddie Mac on Thursday —…
Read More » - Market
‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs report
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month, with the unemployment rate falling…
Read More » - Market
Mortgage rates drop to lowest level since April as ‘high uncertainty’ creates volatility
The 30-year fixed-rate mortgage averaged 4.99% as of August 4, according to data released by Freddie Mac on Thursday. That’s down 31…
Read More » - Tech
WeWork Joins Rush of Tech Companies Into Office Software as Its Shares Sag
WeWork Inc. is hoping to boost its drooping share price by joining the growing number of technology companies selling apps,…
Read More » - Market
U.S. new home sales fall in June to the lowest level since the pandemic
The numbers: U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000…
Read More » - Market
U.S. home-price growth slips in May from record high: Case-Shiller
The numbers: The S&P CoreLogic Case-Shiller 20-city index decelerated to a 20.5% year-over-year gain in May down from 21.2% in…
Read More » - Market
U.S. housing starts fall in June for the second straight month
The numbers: Construction started on new U.S. homes fell a seasonally adjusted 2% in June to 1.56 million, the Commerce…
Read More » - Market
For the first time ever, Manhattan’s average rent surpasses $5,000 a month
The average rental price in Manhattan has topped $5,000 for the first time in Big Apple history, according to a…
Read More » - Market
Elon Musk terminates deal to buy Twitter, and Twitter’s chairman promises a legal fight
Elon Musk terminated his agreement to buy Twitter Inc. on Friday, and Twitter’s chairman promised a legal fight. In a…
Read More » - Market
These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we…
Read More » - Market
This is the No. 1 reason unemployed Americans aren’t looking for work
Amid a record number of job openings, Americans are taking their time looking for work, with only about 10% of…
Read More »