April Construction Edges Up

Construction spending improved slightly in April, by 0.2 percent from March—but below expectations., the Census Bureau reported Wednesday.

Mixed Bag as 1Q GDP Revises to -1.5%

Real gross domestic product decreased at an annual rate of 1.5 percent in the first quarter, according to the “second” (revised) estimate Thursday by the Bureau of Economic Analysis.

April New Home Sales Fall to 2-Year Low

New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.

Existing Home Sales Fall to Near 2-Year Low

Existing home sales fell for the third straight month, the National Association of Realtors reported Thursday, to their lowest level since June 2020.

April Inflation Cools Slightly

Inflation fell in April, relatively speaking, the Bureau of Labor Statistics reported Wednesday.

1st Quarter GDP Falls 1.4%

U.S. gross domestic product fell for the first time in two years, the Bureau of Economic Analysis reported Thursday, although analysts did not seem overly concerned.

March New Home Sales Stumble

New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.