Pending sales of previously owned US homes dropped in July to the weakest since the start of the year, illustrating a housing market plagued by elevated mortgage rates and prices. Processing Content An index of contract signings decreased 2.3% to 71.2, the lowest since January and matching the second-worst reading in data back to 2001, […]
Pending home sales slide to weakest since start of year Read More »
New residential construction in the US declined in July as single-family starts slid to the slowest pace since 2022. Processing Content Housing starts fell 12.4% last month to an annualized rate of 1.24 million, according to federal government data released Tuesday. That fell short of the 1.35 million pace expected by economists surveyed by Bloomberg.
New residential construction slows in broad-based decline Read More »
Longer-maturity bonds are at the epicenter of investor angst about everything from inflation to the debt-laden artificial-intelligence boom — and governments are paying the price. Processing Content Sovereign borrowing rates are surging around the world. Yields on 30-year US Treasuries rose to the highest since 2007 this week, while French borrowing costs hit the loftiest since 2008 and their
Global bond slump sends long-term borrowing costs to highest in decades Read More »