The Federal Reserve eventually could resort to selling off mortgage-backed securities on its balance sheet, according to the minutes of the central bank's last strategy session in March. During the March meeting, Fed officials reviewed the results of the central bank's previous efforts at shrinking its balance sheet between...
U.S. new-home sales decreased 2% to an annual rate of 772,000 in February, the government said Wednesday. That figure represents the number of homes that would be sold over a yearlong period of time if the same number of properties were bought each month based on the rate of...
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.77 million in February, representing a 6.8% increase from the revised figures for the previous month, the U.S. Census Bureau reported Thursday. Compared with February 2021, housing starts were up 22%. Meanwhile, permitting for new...
Existing-home sales increased by nearly 7% between December and January, hitting a seasonally-adjusted, annual rate of 6.5 million, the National Association of Realtors said Friday. Economists polled by MarketWatch expected the pace of home sales to come in at 6.1 million. Compared to a year ago, sales were down...
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.64 million in January, representing a roughly 4% decrease from the previous month, the U.S. Census Bureau reported Thursday. Compared with January 2021, however, housing starts were up nearly 1%. Permitting for new homes occurred...
“Entitlement” often refers to Social Security and Medicare, but critics argue that’s the wrong way to describe it — in fact, the word sparks fury. Many Americans take to social platforms saying they’ve paid into the system their entire careers, and thus, the benefit they will receive belongs...
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.7 million in December, representing a 1% increase from the previous month, the U.S. Census Bureau reported Wednesday. Compared with December 2020, housing starts were up 2.5%. Meanwhile, permitting for new homes occurred at a...
Email icon Facebook icon Twitter icon Linkedin icon Flipboard icon Dec. 10, 2021 at 9:23 PM ET Ray Dalio, founder of Bridgewater Associates and author of the new book "Principles for Dealing with the Changing...
President Joe Biden announced that he will nominate Sandra L. Thompson to lead the Federal Housing Finance Agency. Thompson has served as the agency's interim director since June after the president fired the agency's previous director, Mark Calabria. Biden's ability to fire Calabria, who had been appointed by President Trump...
Stocks ended modestly lower on New Year's Eve, with the Dow Jones Industrial Average DJIA, -0.56% losing its grip on slight gains late in the year's final session. The blue-chip index shed about 60 points Friday, or 0.2%, to end near 36,338, still enough to solidify a 1.1% weekly...