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US-new-house-sales-2022-03-23-sales-stage-of-construction

by Wolf Richter • Mar 23, 2022 • 0 Comments

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FRONT PAGE

Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation

by Wolf Richter • Apr 26, 2024

Housing inflation refuses to cool for eighth month, and five of the remaining seven core services accelerated further. This is not good.

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.

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