U.S. service industries contracted at a recessionary pace in January, taking what most analysts described as a “stunning fall.” ISM’s non-manufacturing index dropped to 41.9, from 54.4 in December. (Cue a massive drop in stocks).
Q: How do you spell recession? A: ISM
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Two charts that explain why Texas housing markets have stalled
Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020.
