Above, Federal Reserve Chairman Kevin Warsh Real estate professionals anxiously awaiting lower mortgage rates may not see a decrease anytime soon, as it remains uncertain what action the Federal Reserve will take at its September meeting. In his debut speech at the 2026 Jackson Hole Economic Policy Symposium Friday in Wyoming, Fed Chairman Kevin Warsh…
In the face of ongoing geopolitical uncertainty and economic headwinds, consumers’ feelings about the economy remain dim. The nonprofit research firm, The Conference Board, released its latest month report Aug. 25, with its Consumer Confidence Index falling by 0.8 points to 89.4. July’s revised estimate was 90.2, leaving behind nearly a whole point between the…
As the question of affordability looms over homebuyers’ heads, recent reports by economists generally agree that the housing market is weighed down by economic and global constraints—though a new report offers some near-term reasons for optimism. The latest monthly Leading Economic Index (LEI) by nonprofit The Conference Board highlighted slight growth in many forward-looking metrics,…
When many economic indicators pointed to issues with inflation, the governors of the Federal Reserve’s Open Market Committee (FOMC) instead voted once again to maintain their “wait and see” approach in their most recent meeting. Newly released minutes from the meeting, however, reveal that three members of the committee did in fact advocate for a…
Economic uncertainty continues to push builders to temper their expectations (and pace of construction) based on the latest monthly new residential construction report by the U.S. Census Bureau. The Bureau’s report for July states that privately owned housing starts were at a seasonally adjusted annual rate of 1.24 million. This is a considerable decrease (12.4%)…
As many Americans blasted their ACs and took to the roads for summer vacations in July, the cost of energy decreased slightly while inflation overall rose slowly. For the month of July, the Bureau of Labor Statistics (BLS) reports that the Consumer Price Index (CPI) increased slightly by 0.1% on a seasonally adjusted basis. This…
Editor’s note: Econ Review is a roundup of the housing and economic market data reports released during the month. As the first half of 2026 has come to a close, the larger expectations for the housing market may not necessarily have been met, but optimism remains. 2026 was originally expected to be a year of…
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Inflation cooled in June according to the latest data from the Bureau of Economic Analysis (BEA), meeting economists’ expectations for the month. However, the trend may not continue as the Iranian conflict persists. The Personal Consumption Expenditures (PCE) price index slipped 0.1% month-over-month in June, a reversal of the 0.7% jump seen in May. This…
Up and down, up and down. Like a yo-yo dieter’s weight, consumer confidence in the U.S. seems to maintain a consistent pattern. It rose in June when tensions in the Middle East seemed to abate, following a dip in May, likely due to the war with Iran heating up. A ceasefire this past April had…
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As 2026 moves forward amid rising inflation and a fairly soft labor market, are leading indicators pointing to a better near-term economy? The nonprofit research firm The Conference Board’s latest monthly Leading Economic Indicators report found a slight decline as the Board’s Leading Economic Index hit 99.1 in June, a 0.2% downturn compared to the…
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