What the new home sales report shows about labor market risk
Housing Wire
MAY 23, 2024
However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. When single-family permit demand collapsed in 2022 , we still had a healthy backlog of homes that needed to be finished. In this report: 1.9 In this report: 1.9
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