Nov
27

Decelerating Dwellings

 Builder confidence is at its lowest level since 8/16, housing starts peaked in 1/18, and building permits in 3/18. As for existing housing, sales peaked in 11/17, pending sales peaked in 4/16, prices are rising noticeably slower, inventories are rising, and affordability is near a decade low. But job growth remains strong, incomes are up, and household formation is solid. Housing won’t cause the next recession. It’ll be something else.

Share This Post
Facebook Twitter Email

Speak Your Mind

*