Pending Home Sales Drop to Record Low in the Data, from Already Low Levels, on Big Drops in the South & Midwest by Wolf Richter • Feb 19, 2026 • 83 Comments “Improving affordability conditions have yet to induce more buying activity”: National Association of Realtors.
Single-Family & Multifamily Construction: Bring on the Supply just as Population Growth Slows to a Crawl by Wolf Richter • Feb 18, 2026 • 53 Comments This is precisely what this overpriced and frozen housing market needs.
Orders for Durable Goods at US Manufacturers Jump 7.8% in 2025 to Record on AI Infrastructure & Civilian Aircraft by Wolf Richter • Feb 18, 2026 • 22 Comments Machinery, fabricated metals, electrical equipment, motor vehicles, and nondefense aircraft all hit records.
Serious Delinquency Rates for Subprime & Prime Auto Loans, Balances, and Debt-to-Income Ratio in Q4 2025 by Wolf Richter • Feb 17, 2026 • 50 Comments The high-risk, high-profit ecosystem of subprime auto loans is not for the squeamish.
US Government Sold $701 Billion of Treasury Securities this Week. As Deficits Balloon, Bond Math Is Relentlessly Brutal by Wolf Richter • Feb 14, 2026 • 115 Comments Sold $54B of 10-Year Treasury notes at 4.18% to replace $25B of maturing 1.73% 10-year notes, pushing up amount outstanding by $29B.
Services Inflation Spikes in January, but Bad-Joke OER CPI Pushes Down on Year-over-Year CPI. OER is Huge and Bad by Wolf Richter • Feb 13, 2026 • 112 Comments Gasoline & used-vehicle prices plunge, food inflation backs off for a moment, natural gas bills jump.
Sales of Single-Family Homes Plunged (even in the West in Warm Weather), Supply Surged, Median Price Nearly Flat YoY by Wolf Richter • Feb 12, 2026 • 54 Comments Demand destruction continues after the price explosion from mid-2020 to mid-2022.
Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q4 2025 by Wolf Richter • Feb 12, 2026 • 39 Comments One of the most fundamental changes resulting from the Financial Crisis was the transfer of mortgage risk from banks to taxpayers.
Private Sector Ramps Up Hiring. Job Losses Mount at Federal & State Governments by Wolf Richter • Feb 11, 2026 • 64 Comments How much job growth is actually needed as population growth slows dramatically?
Growth of Nonfarm Jobs in 2024 and 2025 Much Weaker than Previously Reported: The Annual Benchmark Revisions by Wolf Richter • Feb 11, 2026 • 26 Comments Total nonfarm employment is 1.03 million jobs lower than previously estimated.
