NAHB CEO gives grim assessment of housing market: 'We've given birth to a housing recession'

. This recession could be cured by policymakers, so I expect we’ll stay at the bottom, and maybe go a little lower, right up until we see the outcome of the midterm elections - because policy is what can get us out of this.

but those that were stronger are weakening less. I guess the most important thing that investors and people need to remember is that Americans still want to own their homes and that, as soon as the conditions turn a little more favorable, housing will pick up. That will pick up the whole economy.

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Biden's America

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Homebuilder stocks move up in premarket ahead of NAHB Housing Market Index release – DHI, LEN, PHM, MDCHomebuilding stocks are one of the only bright spots in Monday's premarket as investors await the release of the monthly NAHB Housing Market Index fig
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Homebuilder stocks move up in premarket ahead of NAHB Housing Market Index release – DHI, LEN, PHM, MDCNAHB Housing Market Index arrives on Monday at 14 GMT. The Housing Market Index has underperformed consensus for four straight months. Higher interest rates greatly affecting sentiment – $LEN, $DHI, $PHM, $MDC are cheap by claymarkets stocks trading
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