Source: US Census Bureau Housing starts in the United States declined in April, in line with the decline in building permits issued during the month. XHB is down 2.63%, while ITB is down 2.67%. Housing starts for the month stood at 1.724 million, 0.2% lower than the 1.728 million recorded in March but 14.6% higher than the 1.505 million in April 2021.The latest reading is … [Read more...] about US Housing Starts Fall for Second Straight Month
US Mortgage Applications Fall 12% as Interest Rates Increase
Source: CNBC Mortgage applications in the United States declined by double digits in the past week amid higher interest rates, data from the Mortgage Bankers Association indicated. XHB is down 3.28%, while ITB is down 3.18%. Applications to purchase a home slipped by 12% from the past week and by 15% versus the same week the previous year.The latest decline reflects the … [Read more...] about US Mortgage Applications Fall 12% as Interest Rates Increase
UK House Price Growth Slows to 9.0% in March
Source: Office for National Statistics House prices in the United Kingdom continued to post an annual increase in March, albeit at a slower pace, the latest data released by the HM land Registry showed. IUKP is up 0.49%, while EWU is down 1.11% premarket. Average house prices recorded a 9.8% growth in March, reflecting a slower growth from the 11.3% recorded in the … [Read more...] about UK House Price Growth Slows to 9.0% in March
UK Inflation Hits 40-Year High of 9.0% in April
Source: Office for National Statistics Inflation in the United Kingdom soared to a 40-year high of 9.0% in April, as prices of energy products continued to soar during the month. EWU is down 0.86%, while VGK is down 1.10% premarket. Consumer prices surged by 9.0% in April, faster than the 7.0% in March and 1.5% in the same month last year.The latest reading is the fastest … [Read more...] about UK Inflation Hits 40-Year High of 9.0% in April
Ethereum and Bitcoin Bounce Back Stalls as Elrond Outperforms
Cryptocurrencies in recovery modeBitcoin struggling near $30,000Ethereum above $2,000 but vulnerableElrond outperforming major coins Cryptocurrencies are in a recovery mode early Tuesday morning. However, the blood bath is far from over. Bitcoin and Ethereum are struggling to hold on to recent gains after bottoming out of 2022 lows. The recent pop-up comes at the backdrop of … [Read more...] about Ethereum and Bitcoin Bounce Back Stalls as Elrond Outperforms