Hi, everyone and happy Friday. With talks of recession circulating, we look closer at what this looks like in the market place, and what to expect. U.S. new-home construction unexpectedly fell in July for the third month in a row. The Federal Housing Administration has updated rules governing FHA insurance. We read Michael Batnick’s recent article on the inverse yield curve. And we take a look at Rent the Runway, and why apparel rentals have retailers jumping into the trend.
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).
U.S. new-home construction unexpectedly fell in July for a third month on another drop in starts of apartment buildings that mask a gain in single-family units.
The Federal Housing Administration, which is part of the U.S. Department of Housing and Urban Development, has updated rules governing FHA insurance for mortgages on condominium units.
Learn more about what the inverse yield curve means with this article by Michael Batnick.
When Lisa Batitto needed an outfit for a themed work event, she turned to Rent the Runway instead of Stitch Fix or her local department store.