Forbes (October 18)
“Home builder confidence plunged for a tenth straight month in October as rising interest rates continued to weaken housing demand—prompting economists to warn an unexpected rise in new home sales last month may be short-lived and prices may be on the brink of collapse.”
Tags: Confidence, Economists, Home builder, Home sales, Housing demand, Interest rates, October, Plunged, Rising, Weaken
Washington Post (July 26)
“The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers keep spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs a month.”
Tags: Awkward, Businesses, Caught, Confusing, Consumers, Economists, Economy, Growth, Home sales, Painful, Profits, Recession, Spending, Sputtering, U.S.
CNN (July 26)
Is the U.S. “heading for a recession” or “already in one”? Since “it already feels like a recession, such fine distinctions may not matter. “Soaring prices… make it tougher to pay for everyday expenses and monthly bills. The stock market has tanked this year. Home sales have started to slip. Consumer confidence is low.” One mid-July poll found that 65% of US voters already “think we’re in a recession.”
Tags: 65%, Bills, Consumer confidence, Expenses, Home sales, Prices, Recession, Soaring, Stock market, U.S.
