The steep mortgage rate increase has cooled real estate markets nationally, especially the residential market which has seen a 30% drop in completed transactions since the start of the 2022.
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World Shippers Shift Freight Arrivals in the United States Towards The East Coast To Avoid West Coast Labor Disruptions.
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Major New Rail Facility In Barstow Will Solve Rail Bottlenecks Coming Out Of The Port of LA and LB.
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Lumber Prices Drop To Pre Lockdown Levels As Construction Demand Slows Globally In Face of Inflation And Other Economic Challenges.
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As US demand for Chinese produced goods dampens, the shipping costs for containers of goods from China to the US reaches a low not seen since 2020.
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Port of Los Angeles announces a key $20 million federal grant to speed containers onto rail traffic and then out into the regional and national supply chain.
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Housing affordability, mortgage rates and a number of economic factors helped drive home sales to their lowest level in 5 years in July 2022 according to the Census Bureau.
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In July, American manufacturers and employers faced wholesale price inflation that continues to be among the highest in the world. This problem which has been persistent since early 2021 may last for the next 18 months or longer according to forecasts.
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