Construction spending in the U.S. experienced a slight decrease once again in June.
The U.S. government has reported that total construction spending in June 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $928 billion in June, […]
S&P CoreLogic Case-Shiller surpasses last month’s record high.
The most recent report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.9% annual increase in May 2024. The 10-City Composite saw a 7.7% increase, while the 20-City Composite saw a 6.8% increase year-over-year. According to Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones […]
Pending home sales saw a 4.8% increase in the month of June.
The National Association of Realtors has reported a 4.8% increase in pending home sales in June 2024. The Pending Home Sales Index, based on contract signings, reached 74.3 in June, with all four U.S. regions seeing an increase in transactions. The chief economist at NAR, Lawrence Yun, noted that the rise in housing inventory has […]
Housing construction activity saw an increase in June as both housing starts and building permits rose.
The U.S. government is reporting that privately‐owned housing starts in June, 2024 were at a seasonally adjusted annual rate of 1,353,000, which is 3% higher than May’s revised number but is 4.4% lower than one year ago. June’s rate for units in buildings with five units or more was 360k. Privately‐owned housing units authorized by […]
For the 12th consecutive year, Americans continue to favor real estate as their top investment choice.
We have shared this information for several years now, and it remains relevant: According to a recent Gallup report, real estate continues to be the preferred long-term investment choice for Americans for the 12th consecutive year. The breakdown shows that 36% prefer real estate, 22% prefer the stock market, 18% prefer gold, 13% prefer CDs/bank […]
Construction spending in the U.S. experienced a modest decrease in May.
According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual […]
CFPB Wants to Ban Medical Bills from Credit Reports
[ad_1] The Consumer Financial Protection Bureau (CFPB) has recently proposed a rule to remove medical bills from most credit reports and prevent debt collectors from using the credit reporting system to collect debt. This new rule aims to eliminate $49 billion of medical debts that unjustly lower credit scores for 15 million people. CFPB Director […]
Existing Home Sales Down Slightly in May
[ad_1] The National Association of Realtors has reported a 0.7% decrease in existing home sales in May, with a total of 4.11 million homes sold at a seasonally-adjusted annual rate. This marks a 2.8% decline compared to the previous year. Inventory levels have increased, with 1.28 million units available at the end of May, representing […]
IRS predicts a significant increase in the number of audits.
According to a report from CBS News, the IRS is gearing up to increase audits in an effort to crack down on tax evasion and generate more revenue for the U.S. Treasury. This initiative follows the passing of the Inflation Reduction Act (IRA) which allocated $80 billion in new funding. The plan outlined by the […]
Trust in media reaches new low
According to Statista, a free press is crucial for holding governments accountable and informing the public, allowing voters to engage in political discussions and make informed decisions. However, Gallup data cited by Statista shows that an increasing number of Americans no longer trust the media. This situation reminds us of the saying “trust, but verify.” […]