
MarketMinute | Multifamily Construction Takes the Lead!
Consumer retail spending grew for the 6th straight month in September, coming in much higher than expected. The Fed's October Beige Book described economic growth as stable or slightly weaker, with easing inflation and a loosening job market. However, jobless claims dipped again last week, indicating the labor market remains tight and could contribute to continuing inflation. Homebuilder confidence fell in October to the lowest levels since January. High mortgage rates are dampening...
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