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MarketMinute | Inventory and prices rose in January. Find out what fell
Feb 28
2:59
AM
Category |
Markets in a Minute
In February, consumer confidence experienced its largest decline since 2021. The drop was blamed on rising inflation and trade war concerns.
Initial jobless claims hit their highest level of the year last week, a potential sign of weakness in the labor market.
A rise in durable goods orders in January is being attributed to businesses rushing to buy parts and supplies ahead of potential U.S. tariffs.
There were 1.18 million homes for sale at the end of January, an increase of 3.5% from December and 17% from January 2024.
The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.
Sales of previously owned homes fell 4.9% for the month in January but were 2% higher than January 2024.
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