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The ESR Group downgraded its full-year 2022 real GDP growth projection to 2.3% in March, down from 2.8% the previous month. The group noted that many of its forecast’s base assumptions, including the impact of the Russia-Ukraine war on the…
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A solid gain in multifamily starts (up 9.3% to 501,000 units) spurred the strong total home starts reading in February, according to NAHB. Single-family starts posted a 5.7% increase to a 1.22 million seasonally adjusted annual rate. Read…
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In a letter addressed to Wells Fargo CEO Charles Scharf, US senators Elizabeth Warren and Ron Wyden demanded the bank provide data and additional information regarding its mortgage refinancing practices and its “potentially illegal…
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