The U.S. Gross Domestic Product Tumbles 4.8%

The coronavirus pandemic has officially triggered a steep decline in gross domestic product.  For the first time since the financial crisis of 2008 the United States GDP retreated 4.8% according to the U.S. Bureau of Economic Analysis.  The decline was not unexpected and many economists anticipate the decline to continue well into the second quarter of 2020. The gross domestic […]

New Home Sales Decline 15.4%

New U.S. home sales free fall by about 15.4% in March according to the monthly report from the U.S. Census Bureau and Department of Housing and Urban Development. The largest decline since July 2013 is expected to continue at least in the short term as COVID-19 continues to damage real estate markets around the world. The Census Bureau collects new […]