Bloomberg Confidence among US homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to ...

Bloomberg London’s stock of completed but unsold homes has surged by almost half this year as Brexit uncertainty and affordability issues dog the housing market. The number in the capital jumped to 2,374 units as of September 30, the most on record and up from 1,595 at the end of 2017, according to data compiled by Molior London. The borough ...

The world’s oldest political party has developed an aversion to discretion. The Democratic Party is manacled to an over-caffeinated base that believes that deft government can deliver parity of status to everyone while micromanaging the economy’s health care sector, which is larger than all but three other foreign nations’ economies. Inconveniently, the party must appeal to voters who, living in ...