Americans’ Views on U.S. Economic Outlook Drop to One-Year Low

Americans’ Views on U.S. Economic Outlook Drop to One-Year Low

Craig Warga/Bloomberg

Higher rates have started to take a toll on the housing market, which has been a source of strength for the expansion. Starts of new homes rose 0.9 percent in August to an 891,000 annualized rate, the Commerce Department said yesterday.