New home sales are down, which has builders crying “housing recession,” but prices are way up. What gives? Plus, what it takes to build a semiconductor plant and why Brits are gearing up for an energy bill-paying strike.
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. - The US housing market is declining amid higher interest rates with fewer starts and more cancelled deals. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)