Housing Market May Not Rebound in 2025The 2024 housing market is on track to be the slowest in nearly 30 years as high mortgage rates and home prices combined with extremely low housing inventories have kept homeowners
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Rising Producer PricesProducer prices for oil and gas drilling services rose 3.3% in July compared to a year ago after rising 5.1% in the previous July-versus-July annual comparison, according to the latest US Bureau of Labor Statistics
Rising Wholesale Prices US wholesale prices rose by a larger-than-expected 2.6% in June from a year earlier, a sign that some inflation pressures remain elevated, according to the Labor Department. The June rise in wholesale prices was
Firms Raise Fees Investment bankers and securities brokers slightly increased their prices during the first quarter of 2024, according to the US Bureau of Labor Statistics (BLS). Investment banking and securities brokerage industry employment decreased slightly during
Single-Family Home Sales RiseNew single-family home sales rose 10.6% month-over-month and were up 5.9% year-over-year in July 2024, according to the US Department of Commerce. July’s rise in home sales marked the biggest gain in more than
Law Firm Revenues Rise Driven by robust billing rates and rising demand, revenue at US law firms increased 11.4% in the first half of 2024 compared to the same period in 2023, according to Wells Fargo’s Legal
Construction Spending RisesOn a not-seasonally adjusted basis, total US construction spending increased 8.6% in March 2024 compared to the same period in 2023, according to the US Census Bureau. Residential spending rose by 4.3%, while nonresidential spending
Declining Rig Count Sapping Demand For ServicesA declining rig count, consolidation in the energy sector, and weak natural gas prices are sapping demand for oil field services in the nation's oil patch, The Wall Street Journal reports.
Prices Flat Amid Rising Labor CostsThe Producer Price Index for oil and gas well drilling services was relatively flat in March compared to a year ago (down 0.3%) after rising 9.2% in the previous annual comparison, according
Higher Orders, Inventories New product orders for nondefense aircraft and parts were up 2.8% in March 2024 compared to a year ago and were up 106.4% from the previous month, according to the Census Bureau. Product inventories
