U.S. mortgage rates rose this week to 6.72%, ending a three-week streak of declines, as the Federal Reserve’s updated projections hinted at a slower pace of rate cuts in 2025. The 30-year fixed-rate...
U.S. single-family housing starts surged 6.4% in November, rebounding strongly after hurricane-related disruptions earlier in the year. The South, the most densely populated region, accounted for much...
After being on a downward trend, falling from 7.22% in May to 6.08% in late September, the 30-year mortgage rate reversed course in November. The rate rose sharply to 6.84% late last month, following the...
The housing sector has been building up strong momentum in recent weeks, thanks to a flurry of upbeat data, lower mortgage rates and Fed rate cuts. iShares U.S. Home Construction ETF ITB, SPDR S&P Homebuilders...
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Trane Technologies has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
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Mohawk Industries has outpaced the broader market over the past year, and analysts remain moderately bullish on the stock’s prospects.
After being on a downward trend, falling from 7.22% in May to 6.09% in mid-September, the 30-year mortgage rate reversed course, rising sharply to 6.79% in early November. This discouraged home buyers...
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built single-family homes stood at 46 in November, up three...
The U.S. economy added 12,000 jobs in October, down sharply from September and below the Dow Jones estimate for 100,000, as quoted on CNBC. The Boeing strike likely have withdrawn 44,000 jobs in the manufacturing...
U.S. job gains rose by the most in six months in September and the unemployment rate declined to 4.1%, pointing to a solid economy. The closely watched employment report also showed the economy added 72,000...