CNBC Economy

Strong growth in home prices is showing no signs of abating, thanks to high buyer demand and a record low supply of homes for sale.

Jobless claims for the week ended Jan. 16 totaled 900,000, the Labor Department reported, slightly better than the Wall Street estimate of 925,000.

The rising costs of getting homes built is making builders less optimistic.

Several weeks of rising rates are dousing what was incredibly high demand for refinancing, according to Mortgage Bankers Association data.

Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.

First-time jobless claims totaled 965,000 last week, the Labor Department said, well above the Dow Jones estimate of 800,000.

Federal Reserve Governor Lael Brainard said the figure underscores the importance of policy help for the economy.

After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers hoping to refinance.

Online shopping over the 2020 holidays in the United States grew 32.2% from 2019s, totaling $188.2 billion, according to Adobe Analytics.

Nonfarm payrolls fell by 140,000 in December, the Labor Department said, against the Dow Jones consensus estimate for a 50,000 gain.

The leisure and hospitality industry saw outsized job losses thanks to a torrent of layoffs at bars and restaurants.

Weekly claims totaled 787,000 last week, below the Wall Street estimate for 815,000.

The decrease of 123,000 provided a stark sign that the U.S. economy had cooled considerably heading into the end of 2020.

Currency in circulation soared last year at a rate unseen since World War II, providing what historically has been a good sign for the economy.

The stunning surge in home buying demand, brought on by the coronavirus pandemic, may finally be easing up.

Home prices are rising across the nation, but the usual geographical trends are being turned on their heads by the coronavirus pandemic.

The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline.

Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well.

The number of first-time unemployment-benefits filers decelerated to 803,000 in the week ending Dec. 19.

After five consecutive months of gains, closed sales of existing homes turned lower in November from October.