In 2023, U.S. developers built 93,000 single-family homes as rental units, leaping 39 percent above the number in 2022 and setting a record, according to John Burns Research and Consulting.
Tag: U.S. economy
COPPER FUTURES PRICES SET RECORD
On 15 May, the price of copper for July delivery in New York shot past $5 a pound, or more than $10,000 a ton, gaining 11 percent over just the previous week to set a record on U.S. markets.
HOSPITAL COSTS HELP KEEP INFLATION STRONG
The prices U.S. hospitals charge for care ballooned at an annual rate of 7.7 percent in April, the sharpest increase since October 2010, the Labor Department reported.
INTEREST ON NATIONAL DEBT COSTS MORE THAN DEFENSE, MEDICARE
Since 1 October when the current federal fiscal year began, the U.S. government has paid $514 billion in interest on the national debt.
U.S. SMALL BUSINESSES FEEL MORE CONFIDENT ABOUT THE FUTURE
In April, U.S. small business owners expressed more confidence in the future than they did in March, according to the National Federation of Independent Business’s monthly survey.
ECONOMIC UPDATE – MARKET OVERVIEW
The worst is yet to come and it is coming soon. Week after week, for 85 weeks, we have been reporting on job losses in The Trends Journal. As the saying goes, “The fish rots from the head down.”
PLANTATION WORKERS OF SLAVELANDIA FLAT-LINED IN U.S.
Retail sales showed no change in April from March, after the U.S. Commerce Department revised March’s figure downward by 0.6 of a percentage point.
SLAVELANDIA: MOST RENTERS DOUBT THEY WILL EVER OWN A HOME
Six in 10 renters believe they will never be able to own a home, a record proportion in the Federal Reserve Bank of New York’s annual Survey of Consumer Expectations.
AMERICAN CONSUMERS ARE SINGING THE BLUES
U.S. consumers hold their gloomiest outlook in six months on the American economy, according to the University of Michigan’s monthly survey of consumer sentiment.
ECONOMIC UPDATE – MARKET OVERVIEW
Where the economy is going and who will benefit and who will lose, at this point, it’s all about inflation.