National News

New home completions are stuck at 2020 levels

Single-family home completions remain stuck at early pandemic levels as of September as costs, labor supply shortages and high interest take a toll on home builders, especially in the Northeast and South.

Fed Raises Interest Rates, First Time Since 2023

The Federal Reserve raised its benchmark interest rates for the first time since 2023 on Wednesday, aiming for a timelier return to the central bank’s 2% goal. This increase raises the central bank’s target by a quarter percentage point, to a range of 3.75% to 4.00%.