Today's red-hot pace of inflation likely will cool to about 2% by 2022’s end, about a third of its current rate, according to Treasury Secretary Janet Yellen.
Builders broke ground on 1.6 million homes in 2021, a 16% jump from a year earlier and the most since 2006, according to a government report.
Consumer confidence fell this month to nearly a 10-year low as Americans on tight budgets struggled with inflation.
December’s 12-month gain in consumer prices was the largest since June 1982, according to Labor Department data released Wednesday.
The strength of the labor market in the closing weeks of 2021 probably points to a Fed rate hike as early as March, Wells Fargo economists said.
An increase in household formation as the U.S. economy emerges from the pandemic will support home sales in 2022, according to Mark Fleming, chief economist at First American.
Inflation rose last month at the fastest pace since the Reagan administration as the global pandemic continued to snarl supply chains.
Consumer sentiment rebounded this month from November’s one-decade low, according to a University of Michigan report.
As long as vaccine efficacy holds up, the economic hit from the emergence of Covid-19’s Omicron variant likely will be moderate, Goldman Sachs said.
The Conference Board’s measure of consumer conficence fell this month as rising Covid-19 infections soured the nation's outlook.
Economic confidence in the U.S. reached the lowest level since 2009, according to a Gallup poll conducted last month.
The evolution of remote work will play a role in determining future home-price growth, according to a report from NBER.
Homebuilder confidence declined to a nearly two-year low in May as higher mortgage rates discouraged buyers and inflation resulted in more expensive material costs for builders.
Soaring inflation rates along with elevated housing prices weighed on the minds of Americans.
