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Home Builder Confidence Drops to a Near Decade Low

U.S. home builder confidence fell to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index — the third-lowest reading since 2012, according to Landscape Architect. Only December 2022 (31) and April 2020 (30) were lower. NAHB Chairman Buddy Hughes cited high mortgage rates and...

US Consumer Prices Rise in June as Tariff Pass-Through Begins

WASHINGTON - U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September. Softening demand as consumers hunker down, however, is limiting...

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