Multiple signs are indicating that the U.S. economy’s “higher for longer” interest rates are starting to take a greater toll on the country’s housing market. First, last month the number of homes for sale whose prices were reduced came in at nearly 278,000, according to the Federal Reserve. That represented the highest level since October 2022. Secondly, in related news, the number of homes listed for sale soared 30% in April compared with the same period a year earlier. And in April Barron’s no
The latest trading day saw Whirlpool (WHR) settling at $88.28, representing a +0.18% change from its previous close.
Many companies directly or indirectly benefit from strong consumer spending on housing and home improvement.