New Single-Family Home Sales Decline for Second Month as Inventory Grows
New single-family home sales in May experienced a second consecutive monthly decline, falling by 7.3%, according to recent market data. This downturn coincided with a significant rise in housing supply, which reached its highest level in 10 months. The median price for a new home was reported to be approximately $424,900. The increase in available […]
U.S. Economic Calendar Features Key Inflation, Growth, and Banking Data Next Week
The upcoming week for U.S. economic data is poised to deliver crucial insights into inflation, economic growth, and the stability of the banking sector. Investors and consumers alike will be closely watching the release of May’s personal income and spending figures, which will include the closely scrutinized Personal Consumption Expenditures (PCE) price index. This metric […]