Tag Archives: US Economy

Existing home sales in the United States declined in February by 6.6% to a seasonally adjusted annual rate of 6.22 million units, data by the National Association of Realtors (NAR) showed on Monday. Home resales increased by 9.1% compared with its level in the same period last year. The decline …

The United States coal exports declined by 26% to 69 million metric short tons (MMst) in 2020, from 93 MMst in 2019, according to recent data by the U.S. Energy Information Administration (EIA). Data also showed that four out of the top 10 U.S. coal exporters increased their imports in …

The US government said Thursday that the US land borders with Canada and Mexico will remain closed to non-essential travel until at least April 21. The 30-day extension is the second announced under President Joe Biden and comes as US lawmakers in northern border states have urged to lift restrictions …

Mortgage rates in the United States continued to rise for the fifth consecutive week, reaching their highest level since June of last year, Bloomberg reported, citing data by Freddie Mac released on Thursday. The average 30-year mortgage rate reached 3.09%, compared with 3.05% in the previous week. It is worth noting …

Housing Starts in the US declined by 10.3% on a monthly basis in February following January’s 5.1% decline, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday. Further details of the publication revealed that Building Permits fell by …

Standard & Poor’s affirmed credit ratings agency confirms America’s sovereign credit rating at AA + / A-1 + and maintains a stable outlook. The agency said that the US dollar’s status as the world’s No. 1 reserve currency and the size and depth of the US financial market will support …

The U.S. builder confidence in the market of newly built single-family homes fell by two points to 82 in March, as shown by the latest NAHB/Wells Fargo Housing Market Index (HMI) on Tuesday. “Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other …

Manufacturing production in the United States declined by 3.1% in February, data by the U.S. Federal Reserve showed on Tuesday. The decline comes after nine consecutive months of increased in manufacturing output. The decline was largely attributed to the recent winter storms that especially affected oil production in Texas. Excluding …

Business inventories in the United States increased in January by 0.3%, following a 0.8% rise in December, data by the U.S. Department of Commerce showed on Tuesday. Inventories declined by 1.8% compared with their level in January 2020. Retail inventories declined by 0.5% in January, after rising by 1.7% in …

Industrial Production in the United States contracted by 2.2% on a monthly basis in February, the US Federal Reserve reported on Tuesday. This reading followed January’s expansion of 1.1% and missed the market expectation for an increase of 0.6% by a large margin.