A Frightening Omen for the U.S. Housing Market

As the housing market grapples with historically tight inventories, more construction is needed to arrest an affordability crisis. Unfortunately, U.S. construction spending just fell for a fourth straight month. Losses were especially steep in the homebuilding segment. Homebuilders face multiple headwinds that could stunt the housing market recovery. Monday may not have been an enormous…

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Dow Rallies Defiantly as Fed Warns of ‘Sudden’ Stock Market Plunge

The Dow Jones Industrial Average rallied on Wednesday, despite falling from session highs. Vaccine optimism and solid economic data helped boost U.S. stocks. Federal Reserve official Randal Quarles warns “sudden and sharp repricing” could pummel financial markets. The Dow Jones gapped sharply higher on Wednesday, though the optimism about Moderna’s vaccine progress failed to sustain…

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