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Expand chart
Data: U.S. Census Bureau; Chart: Will Chase/Axios

New home sales volumes came in lower than expected for April, at 863,000. That’s down 5.9% from the month before.

Why it matters: Economist's expectations were for around 950,000. But building has slowed as raw materials prices like lumber skyrocket, as Axios’ Hope King recently reported.

  • The gridlock pushed the median new-home sale price to $372,000, up 11.4% from March, and up an eye-popping 20% since April of last year.

Go deeper

Producer prices rose faster than expected in July

Data: BLS, FRED; Chart: Axios Visuals

Producer prices jumped by more than expected. Some economists think it could be the peak rate of increase. But the spread of the Delta variant poses a big uncertainty.

Why it matters: Producer prices reflect what businesses pay for the materials that go into the stuff they eventually sell to their customers. Higher producer prices put more pressure on businesses to pass those costs on through consumer price hikes.

Census reveals a more diverse, urbanized America

Illustration: Shoshana Gordon/Axios

The U.S. is more diverse, more urbanized and growing slower overall than in past decades, according to data from the 2020 census released on Thursday.

Why it matters: The decennial census provides a snapshot of the ever-changing demographics of the U.S. — and sets up the partisan fight over how states will redistribute electoral power for the next decade through redistricting.

Updated 31 mins ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Concerns grow over CDC's isolation guidelines — Experts warn of more COVID-19 variants after Omicron.
  2. Vaccines: America's vaccination drive runs out of gas — Puerto Rico expands booster shot requirements.
  3. Politics: Joint Chiefs chair Gen. Mark Milley tests positive for COVID-19 — Vivek Murthy calls SCOTUS vaccine mandate block "a setback for public health."
  4. Economy: Report: World's 10 richest men doubled wealth during pandemicAmerica's labor shortage is bigger than the pandemic.
  5. States: America struggles to keep schools open — Youngkin ends mandates for masks in schools and COVID vaccinations for state workers.
  6. World: Greece imposes vaccine mandate for people 60 and older — French parliament passes COVID vaccine passport legislation.
  7. Variant tracker