The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
U.S. home builders are not feeling any better about their business this month, but they're not feeling any worse either. A monthly sentiment index from the National Association of Home Builders was unchanged in September, holding at a reading of 58. Fifty is the line between positive and negative.
"While builder confidence is holding at the highest level in nearly eight years, many are reporting some hesitancy on the part of buyers due to the sharp increase in interest rates," said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. "Home buyers are adjusting to the fact that, while mortgage rates are still quite favorable on a historic basis, the record lows are probably a thing of the past."
Of the index's three components, current sales conditions were unchanged, sales expectations over the next six months fell 3 points and buyer traffic rose 1 point. The overall index is still well above where it was just a year ago, but sales are not as robust as had been expected, and buyer traffic is still in the negative.
(Read more: Why shut down Fannie and Freddie now?)
"With today's elevated vacancy rates and slow household formation, construction activity won't return to normal quickly," said Jed Kolko, chief economist at Trulia, an online real estate company.
Kolko pointed to the nation's 10.3 percent vacancy rate, which is well above the prebubble level of 8.9 percent in 2000. Household formation was running at 746,000 annually in the second quarter of this year, but it has only averaged 560,000 since 2007, about half the normal level historically, according to the U.S. Census.
"The U.S. has a for-sale inventory shortage, but not a housing shortage," Kolko added.
Home builders continue to be hampered not only by lackluster demand but by, "tight credit, shrinking supplies of lots for development and increasing labor costs," according to David Crowe, NAHB's chief economist. None of those are expected to ease any time soon.
(Read more: Buy your next house from a warehouse)
There is certainly plenty of pent-up demand, especially among younger, first-time home buyers, but many of them are still struggling in today's job market, either unable to find steady work or not earning enough to afford today's higher down payment demands by lenders.
"Mortgage rates have increased more than 100 basis points since early May, and we anticipate that trend to continue, albeit gradually, during the next year," Doug Duncan, Fannie Mae's chief economist, said in a report Tuesday. He also expects economic growth to slow from the, "surprising" pace seen last quarter.
Regionally, home builder confidence increased the most in the Midwest and West and more moderately in the Northeast and South. Housing starts and building permit numbers for August will be released by the Commerce Department on Wednesday.
(Read more: Map: Tracking the recovery)
—By CNBC's Diana Olick. Follow her on Twitter @Diana_Olick.