Builder confidence in the market for single-family homes in February was 42, down from 47 the previous month, according to the National Association of Home Builders/Wells Fargo Housing Market Index released today. The current sales conditions index fell four points to 46, sales expectations in the next six months fell 13 points to 46 and traffic of prospective buyers declined three points to 29.
With the school year beginning across the nation, 29 states now have a financial literacy graduation requirement, up from just six in 2019, according to a recent report by the National Endowment for Financial Education.
Consumer prices for electricity have routinely outpaced the headline CPI number.
Federal Reserve Chairman Jerome Powell said that risks to the U.S. labor market are rising, signaling a possible shift in the Fed’s approach to monetary policy moving forward.
The CFPB is seeking public comment on the costs and challenges of enforcing the Dodd-Frank Act’s data sharing requirements as it considers new rulemaking to implement the law.
The rate for a 30-year fixed-rate mortgage was 6.58% this week. The rate for a 15-year fixed-rate mortgage was 5.69%.
Existing home sales rose 2% in July to a seasonally adjusted annual rate of 4.01 million, the National Association of Realtors reported. Sales also increased 0.8% from a year ago.
