Jan 31, 2019

The housing slump gets worse

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Data: National Association of Realtors; Chart: Harry Stevens/Axios

The housing market got more bad news on Wednesday. Pending home sales fell 2.2% in December, meaning almost 400,000 fewer contracts were signed to buy existing homes. It's part of an ongoing slump that's seen 12 straight months of year-over-year declines. It's also the lowest December sales reading since 2013.

By the numbers: Existing home sales had been trending higher but also reversed course last month, falling 6.4% from November to a seasonally adjusted 4.99 million sales in December. That's down 10.3% from December 2017's 5.56 million sales when the metric was moving in the opposite direction.

Go deeper: The mixed views on a housing market rebound

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Electric vehicles face an uncertain policy landscape in 2020

Photo: Sarah Grillo/Axios

2020 is shaping up as something of a wildcard for electric vehicle markets as automakers face an uncertain policy landscape.

What's next: The number of models available in the U.S. and worldwide is surging, per BloombergNEF.

Go deeperArrowJan 2, 2020

Economists shrug off downbeat November retail sales due to late Thanksgiving

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

Wall Street shrugged in response to below-forecast consumer spending.

What's happening: Rather than interpret the data as a sign that the all-important consumer is losing steam, some are blaming November's figures on a calendar quirk — and keeping faith shoppers will continue to open up their wallets.

Go deeperArrowDec 16, 2019

Midwestern manufacturing improved in December but is still contracting

Data: ISM Chicago; Chart: Axios Visuals

The manufacturing industry in the Midwest continued to contract in December, but did exceed expectations and deliver the best reading in four months.

Why it matters: The Chicago PMI, which tracks manufacturing companies based in the Chicago region, continues to rebound from October's abysmal report that showed the weakest number in four years and the second lowest in a decade.

Go deeperArrowJan 2, 2020