US housing recession may be worse than in 2008
New data presents evidence of a US housing recession that is even worse than the Great Recession crash of 2008, Investorplace reports.
Germany: Inflation hits record 10%, recession expected
Inflation in Germany increased to a record 10% last month as the country expects to enter a recession, DW reports.
Final GDP reading shows US economy shrank 0.6% in the spring, cementing start of recession
The U.S. economy shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher int…
US new home sales plunge for sixth straight month to lowest level since 2016
Sales of new U.S. homes plunged more than expected in July to the lowest level in six years as rising mortgage rates and the relentless increase in home values slowed activity by edging prospective homebuyers out of the market.
Housing starts plunge 9.6%, raising recession fears
The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.
Housing starts plunge 9.6%, raising recession fears
The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.
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