Aug. Housing Starts Drop 11.3% as Rates Rise
Multifamily starts took the hardest hit, falling 26.3%. Single-family starts fell 4.3% month-to-month, though they were up year-to-year by 2.4%.
Renters Insurance: What It Does and Doesn’t Cover
Property insurance is a hot point when hurricanes threaten Fla., but many renters don’t take out relatively affordable coverage and can suffer just as much.
Fannie Forecast: Mild Recession the Likeliest Outcome
With a nod to the economy having “mixed signals,” Fannie Mae’s 3Q forecast calls for a “modest contraction” and mortgage rates “settling above 7%.”
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