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Everyday Economics: Housing market takes center stage in the week ahead | National

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www.thecentersquare.com – Orphe Divounguy – (The Center Square – ) 2025-05-19 05:26:00


As of May 2025, the U.S. economy shows mixed signals. April’s Consumer Price Index revealed a slight inflation uptick, with headline CPI rising 0.2% and core CPI steady at 2.8%. Housing inflation remains persistent, driven by rising rents and stable vacancy rates. Zillow raised its 2025 rent forecast, reflecting landlords’ ability to increase renewal rents amid renters staying longer. Housing construction fell in April, with single-family home starts down 2.1% from March and 12% below last year, due to economic uncertainty, slowing demand, and rising inventory. Upcoming home sales data will clarify market conditions, influencing economic growth prospects and Federal Reserve policy outlooks.

(The Center Square) – The U.S. economy continues to send mixed signals as we navigate through May 2025. Last week’s Consumer Price Index (CPI) for April showed inflation ticking up slightly after March’s decline. Headline CPI rose 0.2% in April, accelerating from the -0.05% decrease in March, while core CPI also increased by 0.2%, up from March’s modest 0.06% rise. On a year-over-year basis, headline inflation edged down to 2.3% from 2.4%, but core inflation remained stubborn at 2.8% for the second consecutive month.

The housing component of inflation deserves particular attention. The shelter index rose 0.3% in April, accounting for more than half of the all-items index monthly increase. Rent disinflation appears to be stalling, with the rent of primary residence index growing 0.3% month-over-month and holding steady at 4% year-over-year.

This tenacity in housing inflation reflects fundamental dynamics in the rental market. Renters are staying in place longer, allowing landlords to raise renewal rents more aggressively to catch up with open-market rates. Meanwhile, Zillow has revised its 2025 rent forecast upward, with single-family rents now expected to rise by 3.2% and multifamily rents by 2.1%. The share of rental units offering concessions is declining as vacancy rates stabilize.

Housing Market Data: This Week’s Focal Point

This week’s economic calendar spotlights housing market health with critical releases on both existing and new home sales. These reports will provide crucial insights into whether residential real estate – often a leading indicator of broader economic trends – can withstand the uncertain policy climate and affordability challenges.

Builder activity shows concerning trends

Recent data on housing construction has raised some red flags. Single-family home building decelerated notably in April, with starts dropping to 927,000 (seasonally adjusted annual rate) – a 2.1% decline from March and a worrying 12.0% below April 2024 levels.

Several factors appear to be contributing to this pullback:

  • Economic uncertainty: Trade tensions and stock market volatility in March and April created widespread concern, making builders more cautious about breaking ground on new projects.
  • Slowing demand: Zillow’s April Market Report revealed that newly pending existing home sales fell 2.5% below last year’s level, suggesting buyers were hesitating.
  • Rising inventory: With more homes on the market and slower sales, builders are naturally reassessing their production plans.

Existing home sales: A backward-looking but important indicator

Thursday’s existing home sales report will reflect transactions that went under contract in March, before the full impact of April’s peak uncertainty. Analysts will be watching closely to see if the March figures showed any early signs of the slowdown even before the April stock market plunge.

New Home Sales: A fresher look at market conditions

Friday’s new home sales report will provide a more current snapshot of the market, potentially capturing some of the April hesitation among buyers. New home sales are expected to fall slightly from the previous month.

Market implications and outlook

The housing market’s health carries significant implications for the broader economy and monetary policy. If housing data confirms a meaningful slowdown, it could:

  • Reinforce expectations of slowing economic growth: A struggling housing market would eventually feed through to declining new construction, lower employment gains and the potential for an increase in the unemployment rate. Industries tied to housing – from construction materials to home furnishings – could see ripple effects.
  • Increase pressure for rate cuts: Signs of housing and labor markets weakness might add urgency to the Fed’s consideration of interest rate reductions.

However, there are reasons to believe any housing slowdown may be temporary. Mortgage rates remain below year-ago levels, contributing to improved affordability. Additionally, the stock market has recovered its April losses, muting any negative wealth effect on consumers’ future spending plans. These factors suggest that the peak home shopping season may simply be delayed rather than dead on arrival.

The post Everyday Economics: Housing market takes center stage in the week ahead | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The article provides a detailed and factual overview of recent economic data related to inflation and the housing market without injecting overt political opinions or ideological framing. It reports on economic indicators, quotes forecasts and analyst expectations, and explains potential market implications in a balanced manner. The tone remains neutral and focused on data interpretation rather than advocating for specific policy positions or blaming particular political actors. This aligns with neutral, fact-based reporting rather than expressing a partisan or ideological stance.

The Center Square

New fine process in place for those in U.S. illegally | National

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www.thecentersquare.com – Bethany Blankley – (The Center Square – ) 2025-07-03 08:54:00


A new joint federal rule by Homeland Security (DHS) and Justice Department removes the 30-day notice for fines on foreign nationals who illegally enter or overstay in the U.S., allowing DHS to mail fines directly and speeding appeals. Fines range from $100 to $500 per unlawful entry, $1,992 to $9,970 for ignoring voluntary departure orders, and up to $998 daily for willful refusal to comply with removal orders. Nearly 10,000 fines have been issued since May. Those who self-deport using the CBP Home app receive a $1,000 stipend, forgiveness of fines, and reduced detention risk.

(The Center Square) – A new fine process is underway for foreign nationals illegally living in the country.

The departments of Homeland Security and Justice announced a new joint federal rule went into effect with a public comment period extended through July 28.

The rule amends existing DHS and DOJ regulations authorizing DHS to issue civil monetary penalties as stipulated by the Immigration and Nationality Act “for aliens who fail to depart voluntarily during the voluntary departure period, willfully fail or refuse to depart after a final removal order … or are apprehended while improperly entering or attempting to enter the United States.”

The current process requires giving illegal foreign nationals 30 days’ notice of intent to fine them before a fine is issued. The rule eliminates the 30-day notice period, authorizes DHS immigration officers to mail fines to illegal foreign nationals who have addresses on record and shortens the appeal process. It also transfers the appeals process from the DOJ Board of Immigration Appeals to DHS.

The fine process applies to “aliens who enter the United States illegally; aliens who ignore removal orders or delay their removal; aliens who do not honor agreements to comply with judges’ voluntary departure orders,” DHS says.

The fines are incremental, including between:

  • $100 to $500 for each unlawful entry or attempted entry;
  • $1,992 to $9,970 for those who fail to honor a voluntary departure order;
  • up to $998 per day for those who willfully refuse to comply with a removal order from a federal judge.

Under federal law, 8 USC 1324d imposes civil penalties for failure to depart. It stipulates that “Any alien subject to a final order of removal who- (1) willfully fails or refuses to-(A) depart from the United States pursuant to the order, (B) make timely application in good faith for travel or other documents necessary for departure, or (C) present for removal at the time and place required by the Attorney General; or (2) conspires to or takes any action designed to prevent or hamper the alien’s departure pursuant to the order, shall pay a civil penalty of not more than $500 to the Commissioner for each day the alien is in violation of this section.”

This provision of the law wasn’t enforced by any administration until the first Trump administration. The Biden administration halted any enforcement of it. The second Trump administration announced it was reinstituting it in May.

As of June 13, ICE has already issued nearly 10,000 fine notices, DHS says.

“For decades, this law has been ignored – not anymore,” DHS said when announcing it was requiring all noncitizens living in the U.S. legally and illegally to register with the federal government in accordance with the law,” The Center Square reported.

“An alien’s failure to depart the U.S. is a crime that could result in significant financial penalty. An alien’s failure to register is a crime that could result in a fine, imprisonment, or both,” DHS warned.

By contrast, those who self-deport using the CBP Home App will receive a $1,000 stipend after they arrive in their home country, confirmed on the app, The Center Square reported.

“Self-deportation is a dignified way to leave the U.S. and will allow illegal aliens to avoid being encountered by U.S. Immigration and Customs Enforcement” agents, DHS said.

Those who self-deport using the app will receive forgiveness of any civil fines or penalties for previously failing to depart the U.S.

They “will also be deprioritized for detention and removal ahead of their departure as long as they demonstrate they are making meaningful strides in completing that departure,” and “may help preserve the option … to re-enter the United States legally in the future,” DHS said.

Qualifying illegal foreign nationals are encouraged to submit their “Intent to Depart” using the CBP Home app here.

The post New fine process in place for those in U.S. illegally | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Right

The article primarily reports on a new federal rule related to immigration enforcement, outlining the specifics of civil fines for illegal immigrants who fail to depart voluntarily. It references actions taken by both the Trump and Biden administrations to provide historical context. The overall tone is factual and descriptive, focusing on the regulatory changes and governmental statements without overt editorializing or emotional language. However, the choice of specific quotes, such as DHS characterizing self-deportation as “a dignified way to leave” and emphasizing law enforcement, along with the focus on penalties for illegal immigration, traditionally aligns more closely with conservative or Center-Right perspectives on immigration policy. There is no strong critique or praise, but the framing centers on enforcement and compliance, which suggests a moderate Center-Right leaning, rather than a purely neutral stance or a left-leaning immigration advocacy perspective.

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The Center Square

Poll: American voters don’t want data centers built in their communities | Energy

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www.thecentersquare.com – Jon Styf – (The Center Square – ) 2025-07-02 08:45:00


A Libertas Network poll of 1,200 U.S. voters found 46% oppose building AI data centers in their communities, with opposition rising when tax incentives are involved. Data centers, vital for AI computing and storage, often receive tax breaks despite minimal staffing and high energy use. Concerns include rising energy bills and lost tax revenues—over $100 million annually in at least 10 states. Projects frequently involve secrecy agreements, hiding details from the public. Some states, like Wisconsin and Virginia, are adjusting laws and managing backlogs as they balance economic benefits against regulatory, tax, and energy challenges posed by data center development.

(The Center Square) – Most U.S. voters oppose having data centers built in their community and even more oppose the data centers if tax incentives are awarded to have them built, according to a poll released Wednesday morning by Libertas Network.

Overton Insights asked 1,200 registered voters the questions between June 23-26 on behalf of Libertas, which says it focuses on family education and policy reform as it looks to “change hearts, minds and laws to create a freer future.”

Libertas had Overton Insights ask the data center questions upon suggestion from The Center Square.

The poll asked voters specifically if they supported or opposed building new data centers for artificial intelligence in their community with 46% of respondents strongly or somewhat opposing the prospect, 36% strongly or somewhat supporting and 18% uncertain.

Of those that supported building data centers in their community, 69% still supported the idea if tax subsidies or incentives were involved to bring the data centers while 23% or those initially supportive would oppose the idea if those tax breaks were involved.

Data center projects have popped up across the country in recent years with many of those proposals including tax breaks.

The data centers are used to create the computing power for AI and to store the large amounts of information needed for those technologies but the Incentives are often opposed because, despite the large amount of money spent on the buildings, they do not require much staff and they take a large amount of energy.

The average American’s energy bill could increase from 25% to 70% in the next 10 years without intervention from policymakers, according to Washington, D.C.-based think tank the Jack Kemp Foundation.

A least 10 states are currently losing $100 million or more in taxes from data centers, according to an April report from Good Jobs First.

Data centers often require politicians to sign non-disclosure agreements during the proposal process, including keeping the name of the technology company involved along with the details of a project secret.

The secrecy occurred during the process of building a recent Indianapolis data center, according to WFYI, while the names have leaked of developers involved in several Wisconsin data center projects where state lawmakers are asking to create a data center exception to state laws on property tax captures at the sites to lure the projects to the state.

“These data centers are so big and so valuable and such a prize for a community that (state laws capping TIFs) really creates a problem,” said Wisconsin Sen. John Jagler, R-Watertown.

Virginia currently has a backlog of data center projects as they complete interconnection studies to ensure they can safely attach to the energy grid.

Projects needing more than 50 megawatts of power often require transmission-level access, which adds federal oversight from PJM, the regional grid operator for Virginia and 12 other states.

The post Poll: American voters don’t want data centers built in their communities | Energy appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Right

This article largely reports on the opposition of U.S. voters to data centers in their communities, particularly when tax incentives are involved, and highlights concerns over energy consumption, tax revenue loss, and secrecy in data center deals. While it maintains a mostly factual tone, the choice to emphasize potential downsides—such as rising energy costs, tax breaks controversy, and non-disclosure agreements—reflects a viewpoint often associated with conservative or center-right skepticism of government incentives and large corporate projects. The article cites sources and lawmakers who question the benefits of data centers, but it does not overtly promote a partisan agenda, resulting in a center-right leaning report grounded in reported concerns.

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News from the South - North Carolina News Feed

Bill vote: No change detected by North Carolinians in U.S. House | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – (The Center Square – ) 2025-07-02 06:57:00


The U.S. House is debating the 887-page reconciliation budget bill, with all 14 North Carolina members yet to change their May 22 votes—10 Republicans in favor, four Democrats opposed. Republican Rep. Richard Hudson criticized Democrats for supporting excessive Medicaid spending for illegal aliens and other programs, emphasizing the bill’s importance for America’s fiscal health. Republican Rep. Virginia Foxx leads efforts to advance the bill, while Democratic Rep. Deborah Ross opposes it, joining others to seek protections against cuts to SNAP benefits. Some Republicans stress tax relief, border security, and energy security as key bill goals. No vote shifts have been reported.

(The Center Square) – As the U.S. House of Representatives takes up the now 887-page version of the reconciliation budget bill, questions on change of votes from a 215-214 decision are paramount.

North Carolina’s 14 members, through early Wednesday morning, were yet to show change. All 10 Republicans were for the House version on May 22 and all four Democrats were against it.

“If the One Big Beautiful Bill Act doesn’t pass, it will have disastrous effects on America’s fiscal trajectory,” said Republican Rep. Richard Hudson. “House Republicans are going to get this done.”

He said “the Democrats voting against it are in favor of” more than “$700 billion in wasteful Medicaid spending for illegal aliens and people who can work but refuse to, instead of America’s most vulnerable; $500 billion in Green New Deal giveaways and luxury EV credits; nearly $200 billion in SNAP waste, fraud and abuse; illegal aliens continuing to receive taxpayer-funded benefits, including Medicaid.”

Republican Rep. Virginia Foxx leads the Rules Committee that immediately got the bill back on the floor for debate. Her reposts on social media did not indicate a change of heart.

“Senate Republicans passed their terrible budget bill today, so I’m back in D.C. fighting for North Carolinians and everyone who would be hurt by this cruel transfer of wealth from everyday Americans to the ultra-rich,” Democratic Rep. Deborah Ross said on Tuesday.

She joined Democratic Rep. Alma Adams’ letter to Rep. Mike Johnson, R-La., with 31 other signatures requesting “harmful cuts to the federal SNAP program” be eliminated.

Reps. Tim Moore, Addison McDowell and Brad Knott indicated undoubtable favor with the Senate’s changes.

“Small businesses need the One Big Beautiful Bill’s tax relief and will suffer if Democrats succeed in stalling this historic legislation,” Knott said. “We must pass OBBB and deliver for all Americans, especially small business owners.”

He also said the “goal is simple: deliver for the American people” and cited tax relief for “individuals, families, family farms and small businesses; border security; public safety; energy security.”

There was no indication of change following the Senate passage in either direction from Republican Reps. Dr. Greg Murphy, Rev. Mark Harris, David Rouzer or Pat Harrigan or Democratic Reps. Don Davis and Valerie Foushee.

The post Bill vote: No change detected by North Carolinians in U.S. House | North Carolina appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Right-Leaning

The article exhibits a right-leaning bias primarily through selective framing and language use favoring Republican viewpoints. It prominently features Republican representatives’ criticism of the budget bill using charged terms like “wasteful Medicaid spending,” “Green New Deal giveaways,” and “cruel transfer of wealth,” while quoting Democratic responses more neutrally and briefly. The Republicans’ perspectives receive more detailed emphasis and negative framing of Democratic positions, which subtly supports conservative fiscal and policy critiques. Although it reports on both parties’ stances, the tone and framing lean toward promoting a conservative critique of the legislation rather than presenting a fully neutral or balanced overview.

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