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US-consumer-PCE-2021-06-26-personal-income-wages-salaries

by Wolf Richter • Jun 26, 2021 • 0 Comments

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FRONT PAGE

Our Drunken Sailors Splurge on Services, Fixed Investment Surges. But Much-Worse Imports Drag Bigly on GDP. And there’s a Blip in Government Spending

by Wolf Richter • Apr 25, 2024

Re-accelerating inflation in Q1 hit “real” GDP growth. “Current-dollar” GDP growth only a hair slower than in Q4.

Biggest Landlords Pile into “Build-to-Rent” Single-Family Houses, but Sell Older Houses into this Overpriced Market

by Wolf Richter • Apr 24, 2024

American Homes 4 Rent and Invitation Homes sold over 3,000 older single-family houses in 2023.

How It’ll Take Years to Clean Up the Office CRE Mess, with Losses Spread Far and Wide

by Wolf Richter • Apr 24, 2024

The Manhattan office tower Blackstone had bought for $605 million in 2014 and walked away from 2 years ago finally changed hands for $200 million, which paves the way for a complex new beginning.

Prices of New Houses v. Existing Houses: Why New-House Sales Held Up as Existing-House Sales Plunged

by Wolf Richter • Apr 23, 2024

Here’s why: New house prices -18% from peak, back to Nov 2021, further sweetened by mortgage-rate buydowns.

Brick-and-Mortar Meltdown Fells Express. Simon Property & Brookfield, to Avert Vacant Stores and Bad Leases at their Malls, to Buy the Brands and 435 Stores out of Bankruptcy

by Wolf Richter • Apr 22, 2024

This Has Been Years in the Making.

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