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New Home Construction Slows as Mortgage Rates Remain High
Posted inBuilding (Construction) Federal Reserve System Interest Rates Mortgages Prices (Fares, Fees and Rates) Real Estate and Housing (Residential) United States Economy

New Home Construction Slows as Mortgage Rates Remain High

Home building in May fell to its slowest pace in four years despite a supply shortage. That trend could put even greater strain on buyers.
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Posted by By Danielle Kaye
The Weird Housing Market, in 5 Charts
Posted inBuilding (Construction) Inflation (Economics) Interest Rates Mortgages Prices (Fares, Fees and Rates) Real Estate and Housing (Residential) Renting and Leasing (Real Estate) United States Economy

The Weird Housing Market, in 5 Charts

Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy.
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Posted by By Ben Casselman
Bank of England Holds Rates Steady, Despite Slower Inflation
Posted inBank of England Economic Conditions and Trends Great Britain Inflation (Economics) Interest Rates

Bank of England Holds Rates Steady, Despite Slower Inflation

Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.
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Posted by By Eshe Nelson
3.3%
Posted inConsumer Price Index Federal Reserve System Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) United States Economy

3.3%

The rate of inflation in May over the previous year.
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Posted by By Santul Nerkar

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