- Builder confidence in the single-family home construction market rose 4 points to 80 in October on the National Association of Home Builders/Wells Fargo Housing Market Index.
- Of the index's three components, current sales conditions climbed 5 points to 87.
- Sales expectations in the next six months increased 3 points to 84 and buyer traffic rose 4 points to 65.
The nation's homebuilders aren't seeing any relief from supply chain issues that have slowed construction recently, but high buyer demand appears to be making up for it.
Builder confidence in the single-family home construction market rose 4 points to 80 in October on the National Association of Home Builders/Wells Fargo Housing Market Index. That is still down from 85 in October 2020 and from the record high 90 in November of last year. Anything above 50 is considered positive.
-
I was Lyft's former head of PR. I'm really not surprised by their earnings blunder."It's amazing that something like this doesn't happen much more often," writes Will Valentine, Lyft's former head of communications and PR, of the company's earnings typo.
10 months ago -
I quit my $400,000 Morgan Stanley job to become a startup founder. Loneliness was the biggest challenge, but I don't regret it.An investment banker lost meaning in his work, so he quit. Now he runs a platform for body doubling and is much more fulfilled.
10 months ago -
It looks like Elon Musk is a bit envious of Mark Zuckerberg's control over MetaElon Musk found another reason to gripe at Marc Zuckerberg — and this time, it's about the structure that gives Zuckerberg a chunk of control at Meta.
10 months ago -
US banks have loaned $1 trillion to less regulated 'shadow banks'Debt flowing to non-depository financial entities reached $1.0024 trillion last month, representing a roughly 12.16% surge from 2023.
10 months ago -
Sam Altman wants Washington's backing for his $7 trillion AI chip ventureSam Altman is trying to get US backing for his trillion-dollar AI chip venture to avoid national security and antitrust concerns, Bloomberg reported.
10 months ago -
Lawmakers are trying to keep meatpacking giant JBS from trading on NYSE, citing links to deforestationA bipartisan group of lawmakers, along with environmental groups, say they fear more environmental harm if JBS gains access to additional capital.
10 months ago
