The home-building season is off to a rocky start, as new data indicates significant slumps in housing starts, pointing towards a possible softening in the new home market. Recent reports suggest that builder earnings are taking a hit, aligning with a decrease in consumer demand and rising construction costs. The combination of these factors is leading to decreased activity in what is traditionally a busy time for the housing industry. Homebuilders are facing pressures from elevated interest rates and material shortages, which are contributing to delays and higher costs. This downturn in housing starts signals broader economic implications, potentially affecting job markets and related industries. Industry experts are observing the situation closely, as the health of the housing market is a critical indicator of overall economic stability. While builders hope for a rebound, the current data highlights challenges that may persist throughout the season.
WSJNew data shows Palma’s Tourism Strategy is Working Wonders
May 16, 2026
Palma’s innovative deseasonalisation strategy has proven successful, according to the latest tourism data released on May 15, 2026. The city has effectively managed to attract