The Conference Board, New York, said its monthly Consumer Confidence Index fell in February, marking the second consecutive monthly decline, amid economic uncertainty and persistent inflation.
Tag: Wells Fargo Economics
New Home Sales Start New Year on Strong Note
January new home sales offered good news for an industry starved of good news as of late.
Housing Starts Down 5th Straight Month
Housing starts fell in January, HUD and the Census Bureau reported Thursday, marking the fifth straight monthly drop, the longest streak of declines since 2009.
January Consumer Prices Rise; Not Out of Woods Yet
Consumer prices rose by 0.5 percent in January and by 6.4 percent annually, the Bureau of Labor Statistics reported Tuesday, as rising food and energy prices reminded consumers that inflation—while well down from its earlier peak—is taking its time getting back to normal.
January Jobs Report Smashes Expectations
The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.
December Construction Spending Down 0.4%
The Census Bureau on Wednesday said December construction spending fell by 0.4 percent, with overall residential spending falling for the seventh straight month.
January Employment Data Mixed
The first two of four major employment reports this week offered a mixed bag of data, reflecting the current volatility in the U.S. jobs market.
Recession Fears Fuel Dip in Consumer Confidence
The Conference Board, New York, said its Consumer Confidence Index fell in January following an upwardly revised increase in December.
Existing Home Sales Drop 11th Straight Month
Existing home sales fell for the 11th straight month in December, the National Association of Realtors reported Friday—but the news wasn’t all that bad.
Housing Starts Finish 2022 at 6-Month Low
Housing starts ended 2022 down for the second straight month to their lowest level since last July, HUD and the Census Bureau reported Thursday.