The mixed signals from Thursday’s data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing when the economy bends but does not break. … READ MORE >
Real estate
Housing starts fall to three-year low amid 7% mortgage rate
Housing starts in the United States fell by a sharp 11.3% in August, the second double-digit drop in three months. … READ MORE >
New home sales remain bright spot in housing, rising on strong supply
Sales of new homes increased by 4.4% in July to 714,000, according to Commerce Department data released on Wednesday. … READ MORE >
Existing home sales fall near January low as rates surge
July sales were much lower than expected, dropping by 2.2% on the month compared to a forecasted decline of only 0.2% earlier. … READ MORE >
Industrial production and housing rebound in July, affirming GDP growth outlook
Industrial production, housing starts and permits rebounded in July, affirming RSM’s third-quarter GDP growth outlook. … READ MORE >
Housing starts and permits drop in June as rates surge
New residential starts fell by 8% on the month, while permits for new buildings declined by 3.7%, the Commerce Department reported on Wednesday. … READ MORE >
Housing starts and permits spike in May as sentiment improves
There were 1.6 million new housing starts in May—the most in two years and a 21.7% increase from the previous month. … READ MORE >
Jobless claims and housing starts come in hotter than expected
Jobless claims and housing starts blew past forecasts in the most recent reports released Thursday, both showing stronger-than-expected results amid a looming economic downturn. … READ MORE >
Generative AI: Disruptive or flawed innovation for real estate?
Generative AI has a wide range of applications that will revolutionize the real estate industry. While there is room for improvement and a need for oversight, we expect to see increased adoption across every sector of the industry as a key driver of digital transformation. … READ MORE >
Fed’s survey of loan officers points to caution in the middle market
Even as financial conditions have eased in recent months, helping to spur a rally in equity markets, one area of America’s real economy has been flashing warning signs: the commercial and industrial loan market. … READ MORE >