Denver Was Booming Before the Coronavirus Pandemic. Now It Hopes to Bounce Back

The Mile High City may show whether cities that outperformed during the longest expansion in U.S. history are better cushioned to navigate a recovery from the coronavirus-related economic crash. The post Denver Was Booming Before the Coronavirus Pandemic. Now It Hopes to Bounce Back appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Construction spending falls less than expected

U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis....(read more)

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ISM Manufacturing index Increased to 43.1 in May

The ISM manufacturing index indicated contraction in May. The PMI was at 43.1% in May, up from 41.5% in April. The employment index was at 32.1%, up from 27.5% last month, and the new orders index was at 31.8%, up from 27.1%. From the Institute for Supply Management: May 2020 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in May , and the overall economy returned to expansion after one month of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore,......(read more)

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How the coronavirus pandemic is shaking retirement confidence across generations

The recent economic downturn has prompted more workers to question whether they will retire comfortably, according to a survey. And they're more likely to dip into those savings to cover near-term expenses....(read more)

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52% of Builders Used Incentives to Bolster Sales in May 2020

The NAHB/Wells Fargo Housing Market Index survey conducted in May 2020 reveals that 48% of single-family builders are not using incentives to bolster sales and/or limit cancellations. This of course implies that slightly more than half, 52%, are using some kind of incentive to achieve that objective. What specific incentives are they using? Figure 1 shows the complete list, but... Read More ›...(read more)

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Trump, attorney general to meet as U.S. cities smolder amid protests

U.S. President Donald Trump was scheduled to meet with his top law enforcement officer behind closed doors on Monday as cities nationwide awoke from a smoldering weekend of violent protests over race and policing in the midst of the coronavirus pandemic....(read more)

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Factbox: What's new with the Fed's 2020 bank stress tests?

The Federal Reserve's bank stress tests will look significantly different in 2020, thanks to regulatory changes and the dramatic economic turmoil brought on by coronavirus pandemic....(read more)

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