
Michael Sasso
Reporter at Bloomberg News
Bloomberg Real Economy reporter. Proud husband of Marie and father of Veronica. Email me at [email protected]
Articles
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1 week ago |
news.bloombergtax.com | Michael Sasso
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 week ago |
nationalmortgagenews.com | Michael Sasso
Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground. New residential construction decreased 11.4% to an annualized rate of 1.32 million last month, restrained largely by single-family homes, according to government figures released Thursday. The figure was weaker than the 1.42 million median estimate in a Bloomberg survey of economists.
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1 week ago |
news.bloomberglaw.com | Michael Sasso
Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground. New residential construction decreased 11.4% to an annualized rate of 1.32 million last month, restrained largely by single-family homes, according to government figures released Thursday. The figure was weaker than the 1.42 million median estimate in a Bloomberg survey of economists.
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1 week ago |
bloomberg.com | Michael Sasso
Homes in Aldie, Virginia, US, on Tuesday, Feb. 20, 2024. The US Census Bureau is scheduled to release new home sales figures on February 26. Photographer: Nathan Howard/Bloomberg(Bloomberg) -- Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground.
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1 week ago |
nationalmortgagenews.com | Michael Sasso
US homebuilder confidence barely rose this month on a pickup in current sales, though demand expectations stumbled to a more than one-year low and prices of construction materials are climbing on the heels of higher tariffs. A gauge of overall conditions from the National Association of Home Builders and Wells Fargo rose 1 point to 40 in April, hovering near some of the lowest levels since late 2023. The median estimate of economists surveyed by Bloomberg called for a reading of 38.
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The "spec' home is quickly falling out of fashion with builders, as their supplies grow and profits lag "build-to-order" homes. One economist is "waving a yellow flag" due to rising supply. My latest for Bloomberg News https://t.co/SPw5HMDvsZ

DOGE-related job losses could reach 500,000 including ripple effects from the private sector https://t.co/pWouviBJDl

RT @mniquette: The US merchandise-trade deficit widened in December to a record as the value of imports increased. https://t.co/37yn5EvDpz…