Business
January new home sales plunge to the slowest pace since 2022
Blaine, Minnesota. New homes starting at a half million dollars in Lexington Waters are high efficiency homes and are HOA Maintained.
Michael Siluk | UCG | Universal Images Group | Getty Images
Sales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.
Housing analysts had been expecting a much smaller decline.
Sales were also 11.3% lower than in January 2025, according to the U.S. Census, which is still delayed in its reporting due to last year’s government shutdown. December sales were also revised lower.
This count is based on signed contracts, so people who were out shopping when mortgage rates were lower than they are today. The average rate on the 30-year fixed loan hovered between 6% and 6.2% during January, according to Mortgage News Daily. It is currently at 6.36%.
As a result, the inventory of homes for sale rose to a 9.7-month supply, up from eight months in December, according to the U.S. Census. That is 7.8% higher than January 2025.
More supply and less demand led builders to drop prices. The median price of a home sold in January was $400,500, the agency said, a decline of 6.8% year over year. Prices for existing homes are still flat nationally, but builders report increasing incentives to get buyers in the door.
Data from March does not appear to be any better. An estimated 37% of builders cut prices in March, an increase from February’s 36%, according to the National Association of Home Builders.
Sales were lower across the nation, but they dropped the most in the Northeast and Midwest, where rough winter weather could have had an impact. However, sales were down nearly 22% from December in the West, where weather would not have played a part.
Business
Coffee and ground beef prices surge most in 2 years, report finds
Federal Reserve Bank of New York President John Williams discusses market impacts of the Iran War, inflation outlook and more on ‘The Claman Countdown.’
Americans are facing a tale of two grocery lists.
While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.
Fourteen of the 25 most common grocery store staples rose in price from February 2024 to February 2026, with the top five largest increases coming from coffee (+55%), lettuce (+39%), ground beef (+31%), sirloin steak (+21%) and orange juice (+15%), according to a new report from CouponFollow that analyzed Consumer Price Index (CPI) data from the past two years.
Coffee was the fastest-rising staple in the study, with a pound of ground roast costing $6.09 in 2024 compared to $9.46 in 2026. Going back to 2020, coffee prices have reportedly increased 123%.
JAMIE DIMON WARNS IRAN WAR COULD DRIVE INFLATION, INTEREST RATES HIGHER
Ground beef has hit $6.74 per pound, a 31% increase from 2024 and 74% above pre-pandemic levels.

Customers shop for beef at a grocery store on April 6, 2026, in Los Angeles, California. (Getty Images)
With ground beef prices in mind, CouponFollow ran a “taco night test,” tracking specific meal scenarios to show how inflation affects consumers. A family of four is paying nearly $25 just for basic taco ingredients, compared to just $17.50 six years ago.
If you can live on eggs and toast, your bill might be lower than it was two years ago, with egg prices decreasing the most (-17%), followed by white bread (-8%), spaghetti (-8%) and butter (-7%).
Still, the report warns that “the items still climbing are rising fast enough to offset those declines.”
‘The Big Money Show’ discusses the growing trend of young adults getting financial help from their parents.
“Grocery inflation isn’t going away overnight, but small changes to how and where you shop can add up fast. Paying attention to which categories are rising and which are cooling, stocking up on pantry staples when prices dip, and being flexible with pricier proteins are all easy ways to stretch your grocery budget a little further,” CouponFollow notes. “Stacking those habits with coupons and deals can make an even bigger dent in your weekly bill.”
Economic experts have also recently cautioned that high oil prices due to the Iran war are pushing gasoline prices higher, and that could lead to grocery bills rising for American consumers.
The increase in oil, gas and diesel prices raises transportation costs for businesses, including grocery stores, which may face pressure to raise food prices and other items if the situation continues.
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Federal Reserve Board Gov. Michelle Bowman discusses where interest rates are going and the job market performance on ‘Maria Bartiromo’s Wall Street.’
“Every time something moves in the economy, it will cost more,” said Derek Reisfield, co-founder of MarketWatch and a former McKinsey consultant. “Someone, usually the end consumer, will have to pay for that.”
Gregory Daco, chief economist at EY-Parthenon, previously told FOX Business: “For U.S. consumers, what this means is that while there is currently a price shock at the pump being felt directly by consumers, there’s still uncertainty as to how long this shock will last.”
FOX Business’ Eric Revell contributed to this report.
Business
SigmaRoc executives acquire shares through employee plan

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Flowers Foods chief supply chain officer retiring

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Rainbow Rare Earths Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:RBWRF) 2026-04-09
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
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Epam Systems stock hits 52-week low at $125.53

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Main Roads buys $59m Naval Base sites
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