Payne Capital Management President Ryan Payne discusses the state of the volatile U.S. housing market as fears for a recession grow on ‘Mornings with Maria.’
Applications to build – which measures future construction – rose to an annual rate of 1.56 million units, led by multifamily properties. "Housing is still slowing and has more downside to go," said Jeffrey Roach, chief economist at LPL Financial. "Home builders are feeling the impact of slowing demand, as higher borrowing costs weigh on prospective home buyers. Declining residential investment will place a drag on growth, raising recession risks in the coming quarters."
The data comes one day after the National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of the single-family housing market, fell for the tenth consecutive month to 38, marking the worst stretch for the housing market since the survey launched in 1985.
Good. Thanks Joe!
This is such bullsh*t what the Fed and Biden have done to our economy. There is real people being affected because of their dumb policies. But we have two more years of this crap, so hang on.
Stagflation is upon us
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: cnni - 🏆 326. / 59 Read more »