Markets

Builders’ confidence in the market for new single-family homes fell in December as affordability issues remain.

The municipal bond market winds down the year by seeing only $1 billion of new issues slated to price this week. It’s a far cry from last December, which saw a mad rush to market ahead of the new tax laws.

Business activity “continued to expand, though growth was noticeably slower than in recent months,” the December Empire State Manufacturing Survey suggested.

The holiday season kicks off for the municipal bond market as new issue supply slows to a crawl while the year winds down.

Atlantic City casino revenue was up 20% year-over-year in November.

As the end of the year approaches, new issue supply slows down.

Moody's underscored the sense of uncertainty facing the Metropolitan Transportation Authority by dropping its outlook to negative.

A school district in upstate New York missed a bond payment last month because of a snow day.

The value of business inventories in October was up 0.6% from September.

Total industrial production, which also includes mines and utilities, increased 0.6% after a 0.2% drop in October.