Wells Fargo Economics
Existing Home Sales Retreat in June as Affordability Pressures Persist
The U.S. housing market continues to grapple with affordability headwinds, as existing home sales declined for a second consecutive month in June. According...
Housing Inventory Climbs in 2025 as Market Conditions Normalize
Housing supply in the United States is showing clear signs of recovery in 2025, rising steadily from the historic lows observed during the...
Report: Construction Spending Contracts Drop in May as High Rates and Uncertainty Sap Momentum
Construction spending in the United States continued its downward trajectory in May, marking the seventh consecutive monthly decline, according to the latest report...
Retail Sales Disappoint in May as Auto Slump Weighs on Consumer Spending
U.S. retail sales fell for a second consecutive month in May 2025, as a sharp decline in auto purchases dragged overall figures into...
Inflation Holds Steady in May Despite Tariff Pressures, Offering Relief to Policymakers
Consumer price growth remained subdued in May, delivering a welcome surprise for Federal Reserve officials as inflation pressures appear to be cooling more...
Housing Starts Tumble in May as Builder Sentiment Slips
Residential construction activity in the United States took a sharp turn downward in May 2025, with new data from Wells Fargo Economics pointing...
U.S. Growth Revised Up for 2025, But Tariff Uncertainty Threatens Second-Half Slowdown
Economic growth in the United States is showing surprising resilience in the first half of 2025, according to the latest outlook from Wells...
Housing Market at a Crossroads as Mortgage Rates Stay Elevated and Supply Rises
The U.S. housing market continues to grapple with persistent challenges as 2025 unfolds, with elevated mortgage rates and shifting supply dynamics shaping conditions...
Optimism Outpaces Reality: Small Business Sentiment Climbs While Sales Lag
Small business confidence saw a meaningful resurgence in May 2025, reversing its early-year slump, according to the latest report from Wells Fargo Economics....
Labor Market Steadies in April as Job Openings Rise and Turnover Stays Muted
The U.S. labor market remained resilient in April, with job openings ticking higher and signs of stability emerging despite ongoing economic and policy...
Housing Starts Inch Higher in April, But Permits Signal Continued Weakness in Construction Outlook
Residential construction activity in the United States showed a modest gain in April, with total housing starts rising 1.6 percent, according to a...
U.S. CRE Market Finds Its Footing in Early 2025 as Transaction Activity and Prices Stabilize
The U.S. commercial real estate (CRE) market began 2025 with renewed momentum, signaling signs of stabilization after a volatile couple of years. According...
