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Housing market goes from bad to worse

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The U.S. housing market is getting battered by rising interest rates and sky-high prices, as housing starts and builder confidence continue to decline.

Jerry Howard, the CEO of the National Association of Home Builders, provides insight into the housing market amid economic challenges.and soaring inflation, and data released this week shows things have gone from bad to worse.

The declines were much steeper than analysts expected: Economists surveyed by Refinitiv forecasted that housing starts would only fall by 1.3%, and that building permits would drop by 2.1%.Perhaps unsurprisingly, home builder confidence is down, too.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Housing is not crashing, its just inflated prices are coming back in line. Welcome news I think.

Bidens America

Biden 😡

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 /  🏆 9. in KR

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