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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 30, 2023
Page
8
Freddie Mac will publish its weekly mortgage rates survey today, offering a snapshot of housing market health amid high inflation. Rates stay elevated after the Fed’s rapid rate rises since 2022, while home prices have cooled and February sales rose.
The U S Energy Administration reports a weekly natural gas update showing consumption in January and February at the lowest since 2018. Warm winter across much of the United States reduced heating demand and prices have fallen about half this year.
Energy prices mostly retreat with natural gas down about 2 percent and wholesale gasoline down 1.6 percent. U S crude oil and heating oil slide while gold dips and silver climbs. Congressional testimony from Howard Schultz features a personal wealth assertion amid housing remarks.
Stocks rose with the S&P 500 up 1.4 percent while the Dow and Nasdaq gained as global markets followed. Lululemon Athletica closed at 31.14, up 3.1 percent amid strong first quarter results from the investment bank.
Dever urged a policy driven approach to housing detailing the need for more diverse options and land use changes. He urged belt-tightening at City Hall and noted concerns about water and sewer fees and residents’ ability to pay. Amber Sellers Brad Finkelder and Courtney Shipley face term expirations with a June 1 filing deadline.
The House approved the tobacco age increase 68 to 53 earlier this month. Kelly has not indicated a signature plan. State Department of Revenue and the Department for Aging and Disability Services supported the measure. Public health officials say raising the age will cut tobacco use and health costs. The CDC notes tobacco is the leading cause of preventable death and 9 of 10 adult smokers began by 18. Forty-one states have 21 laws, and federal action in 2019 linked funds to enforcement.
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