ABA DataBank: August housing starts drop, single-family stronger
Housing starts have been on a downward trajectory since peaking in 2022. However, single-unit starts increased 7.6% from July. Paired...
Economy
FOMC raises rates for first time in three years
The Federal Open Market Committee announced it would raise the target range for the federal funds rate by 25 basis...
ABA DataBank: Retail sales excluding gas increased 1.1% for the month
Stronger retail sales could help support demand for consumer and consumer business loans. However, as consumers spend more on essentials...
Preliminary: Consumer sentiment decreased 3.9 points in September
Consumer sentiment decreased 3.9 points month-over-month in September to 47.8, and is down 7.3 points from one year ago, according...
ABA DataBank: The ‘she-conomy’ drives job growth
Recent hiring gains have been overwhelmingly concentrated among women, who accounted for roughly 98% of jobs added in August and...
ABA DataBank: Gasoline prices continued to pressure headline inflation
Continuing inflationary pressure could weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth. This could...
Producer prices edged up 0.4% in August
The Producer Price Index for final demand increased 0.4% in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
NAR: Existing home sales fell in August
Existing-home sales decreased by 1% month-over-month in August and 1.2% year-over-year, according to the National Association of Realtors.
Mortgage rates climb
The rate for a 30-year fixed-rate mortgage was 6.76% this week. The rate for a 15-year fixed-rate mortgage was 6.09%.
New York Fed: Inflation expectations ticked down in August
Consumer inflation expectations in August decreased slightly at the medium-term horizon and remained unchanged at the short- and longer-term horizons,...
