Multifamily construction hits record in May as hope for housing market grows
The number of multifamily units under construction hit a record in May of 994,000, a surge in supply that should help lower rent pressures.
Source: washingtonexaminer.com
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US Housing Starts Skyrocket To Highest Level Since 2016: Sign Of Strong Market Optimism Among Builders - D.R. Horton (NYSE:DHI)
U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction.
Source: benzinga.com
May CPI Report: What the Experts Are Saying About Inflation
Inflation continued to ease last month, the CPI report showed, paving the way for the Fed to pause in its campaign of rate hikes.
Source: kiplinger.com
'Defeated' inflation or a false dawn? Economists' take.
Is that a soft landing in sight? The May CPI data looks kind of like it, but only to some economists.
Source: fortune.com
Stock Market News Today: Indexes Perk up on Potential Debt-Limit Deal
Stocks may notch gains ahead of the Memorial Day holiday as lawmakers appear to be nearing a deal to lift the $31 trillion debt ceiling.
Source: businessinsider.com