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Warren Buffett's Real Estate Business Sounds Alarm: 'Overpriced' Homes Need Reductions
Wednesday, June 18, 2025 - 12:02pm | 991Warren Buffett‘s real estate business underscored the need for homeowners to reduce prices as the Home Builder Confidence index fell to a 30-month low in June 2025. What Happened: Berkshire Hathaway Inc.‘s (NYSE:BRK) (NYSE:BRK) Home Services blog highlighted that if the sellers had few...
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Single-Family Housing Starts Are Up As Mortgage Rates Decline, Fed Eyes Lower Rates
Wednesday, September 18, 2024 - 12:09pm | 565New construction on single-family homes in the U.S. jumped in August as mortgage rates trend downward and the Federal Reserve is expected to cut rates on Wednesday for the first time in four years. Single-family housing starts last month came in at an annualized rate of 992,000 units, up 15.8% from...
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Slump In Housing Starts: 'Extremely Noisy' Numbers Indicate Demand For New Homes Dipping
Friday, February 16, 2024 - 1:38pm | 757The number of homebuilding projects started in January plunged, hitting the lowest rate since August, with the Midwest region lagging the most. Data from the U.S. census bureau on Friday showed housing starts fell by 14.8% in January, rocked by a chunky 35.8% fall in projects started on multifamily...
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Strong Homebuilder Performance In November Hints At 2024 Tailwind For 'Plow-Horse Economy'
Tuesday, December 19, 2023 - 1:08pm | 559Construction could be a major tailwind to economic growth in 2024 if homebuilding keeps pace with the rate at which it grew in November and demand for new homes remains robust. Housing starts surged by 14.8% to 1,560,000 in November, well above consensus expectations of 1,360,000, with an 18% surge...
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Paul Krugman Says This Is The 'Most Puzzling Chart' In Economics Right Now
Sunday, March 5, 2023 - 10:08pm | 448Nobel laureate and noted economist Paul Krugman raised an interesting question regarding Housing Starts vis-a-vis employment in the sector on his Twitter page. Krugman cited a chart by the St. Louis Federal Reserve and wondered why Housing starts have been on a decline while employment in the...
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Fintech Focus For November 19, 2020
Wednesday, November 18, 2020 - 7:42pm | 2481Quote Of The Day: The successful warrior is the average man, with laser-like focus. - Bruce Lee Fintech Movers: Big investors are backing online banks more than ever, betting that these upstarts' low overhead and nimble technology stacks will let them keep grabbing customers from traditional...
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'Upside Surprise': Stock Market Update For The Week Ahead
Sunday, November 15, 2020 - 7:26pm | 1155The Past Week, In A Nutshell What Happened: Last week ended positively on news that a Pfizer Inc (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) COVID-19 vaccine was more than 90% effective in preventing the virus in participants without evidence of prior infection. Remember This: “We believe the...
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'Continued Economic Rebound': Stock Market Update For The Week Ahead
Sunday, October 18, 2020 - 2:38pm | 1695The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...
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'Room For Disappointment': Stock Market Update For The Week Ahead
Monday, September 14, 2020 - 7:10am | 2287The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...
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'Head Above Water': Stock Market Update For The Week Ahead
Sunday, July 12, 2020 - 4:50pm | 1993The Past Week, In A Nutshell What Happened: “It’s certainly been a wild ride for stocks in 2020,” noted researchers at LPL Financial. “Barely past the halfway point, the year has already brought the worst pandemic to hit the U.S. in over 100 years, an unprecedented...
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Forex Traders Focus on U.S. Data Due Wednesday
Tuesday, February 17, 2015 - 2:31pm | 116If there are no weather related delays on Wednesday Forex traders will have plenty of U.S. data to review. At 8:30 AM ET U.S housing starts for January are expected to be 1050K vs 1089K. Building permits for January are expected to come in at 1060K vs 1032K. Also at 8:30 AM PPI for January will...
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Bank Of America's Top 10 Economic Themes Of The Week
Friday, November 21, 2014 - 2:53pm | 278As the trading week comes to an end, a group of analysts at Bank of America recapped the top 10 economic themes of the week. FOMC: Inflation on my mind. The October FOMC minutes revealed “more concern” over downside risks to growth an inflation than the actual statement itself...
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Markets Little Changed After Release Of Fed Minutes
Wednesday, November 19, 2014 - 6:19pm | 1123U.S. stocks ended Wednesday's trading session little changed after Fed officials expressed an ongoing concern that inflation may remain at low levels for some time despite efforts to boost the economy, according to October's FOMC minutes. “The information reviewed for the October...
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TGIF As Markets Rally; S&P 500 Posts Longest Weekly Loss Streak Since 2011
Friday, October 17, 2014 - 4:43pm | 2830U.S. stocks rallied on Friday following positive earnings reports from several large-cap multinationals this morning on a relatively light day of market moving news. The Dow traded higher by more than 300 points before giving back some of the gains. The S&P 500 rallied but still posted its...
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S&P 500, Homebuilders And Gold ETFs To Watch This Week
Monday, October 13, 2014 - 9:07am | 520Investors continue to question where the bottom of this most recent dip in stocks will materialize. The markets closed on Friday near the same levels that led to a bounce in early August, however, many fear that a deeper correction may be in the works. The week ahead features the release of...