Drew Tower's developer, John Vassallo, scrapped the project due to rising interest rates after two years of pushback from residents.

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The inflation rate for construction costs is flaring higher and longer than expected, making larger projects in Wisconsin with the same scope as before the pandemic more expensive, according to a local lender.

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The U.S. housing market has gone from red-hot to decidedly tepid since the spring, though you wouldn't know it by this summer's sharp rebound in homebuilder's stocks.

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Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009.

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The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending decreased and businesses continued to trim their spending in response to trade war uncertainty and a weakening global economy.

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The Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but suggested it may not cut rates any further this year.

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The Federal Reserve took note of the U.S.'s resilient economy on Wednesday by raising the country's benchmark interest rate for the second time this year and signaling that it may accelerate its pace of rate increases.

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The Federal Reserve is all but sure to leave interest rates unchanged this week, although steady economic growth and inflationary pressures are likely to keep the Fed on a path toward further rate hikes later this year.

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The Federal Reserve has raised an important interest rate in response to a strengthening U.S. economy and expectations of higher inflation, and it foresees three more rate hikes in 2017.

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The small city of Dodgeville has dealt retail giant Lands' End a defeat in court.

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