Construction of new homes declined 2.6 percent in August from July as the peak summer home sales season waned, the U.S. commerce department reported.
Tag: U.S. Economy
Post
U.S. IMPORT PRICES JUMPED IN AUGUST MORE THAN EXPECTED
The cost of the goods the U.S. imported last month was up 0.7 percent from July after declining by 0.3 percent for two months in a row.
Post
U.S. FACTORY OUTPUT DECLINED IN AUGUST
American factory production fell in August, surprising analysts who expected to see an eighth consecutive month of increases.
Post
U.S. RETAIL SALES SURGED IN AUGUST, BEATING FORECASTS
U.S. retail and food service businesses took in 1.2 percent more revenue in August than in July, marking the largest monthly increase since March.
Post
FED RAISES INTEREST RATES, SAYS MORE TO COME
On 16 September, the U.S. Federal Reserve’s Open Market Committee voted unanimously to raise the central bank’s key interest rates by a quarter point.
Post
ECONOMIC UPDATE
As they say in The Bronx, “Bullshit has its own sound.” But as we say, “The Bull is dead, “Trumpshit has its own sound.” We have been detailed by the facts that U.S. President Trump keeps speaking out of both sides of his mouth, changing his tune to do all he can to rig the equity and oil markets.
Post
IRAN WAR’S FUEL PRICE SPIKE HAS COST AMERICANS $107 BILLION
Since the Iran War began, Americans have paid about $107 billion more for gasoline and diesel fuel than they would have if fuel prices had remained about where they were before Israel and the U.S. attacked Iran on 28 February, according to an analysis by Brown University’s Climate Solutions Lab.
Post
DIESEL FUEL TOPS $6 A GALLON
On 11 September, the price of diesel fuel in the U.S. averaged $6.06 a gallon, AAA reported. It rose to $6.23 on 14 September, with prices ranging from $5.99 in New England to almost $7.98 in California.
Post
THE U.S. STRATEGIC PETROLEUM RESERVE IS RUNNING ON EMPTY
The oil in the U.S. Strategic Petroleum Reserve (SPR), an array of 60 underground salt caverns along the Texas and Louisiana coasts, is approaching dangerously low levels.
Post
HIGH PRICES, MORTGAGE RATES CRIMP HOME SALES IN AUGUST
In August, 2.0 percent fewer existing U.S. home sales were closed than in July, falling by 1.2 percent year on year to mark the slowest pace of sales since June 2025, the National Association of Realtors (NAR) reported.