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Mortgage Market News: Delayed Housing, Inflation and GDP Data Released

Last week, the government released delayed reports on home construction, home sales, GDP, and the Fed’s preferred inflation measure, PCE, following last fall’s shutdown. \

Mortgage Market News: Delayed Housing, Inflation and GDP Data Released

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Last week, the government released delayed reports on home construction, home sales, GDP, and the Fed’s preferred inflation measure, PCE, following last fall’s shutdown. Here’s a look at the key highlights.

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PCE inflation came in higher than expected. Weather slowed home contract activity. Housing construction picked up, but builders remain cautious. The latest reports also included updates on GDP and unemployment, adding further context to the current economic picture.

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Listen for the full breakdown on this episode of On The Highway.

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