The housing market I: higher interest rates and prices have halted the recovery in single family homes
By: New_Deal_democratBased on the increase in interest rates last summer, by now I thought that housing in general would be down about -100,000 units a year. Although the housing market in general has slowed down, that hasn't happened, and the more volatile housing starts number showed a YoY increase of more than 20% YoY in April. When a forecast doesn't pan out as I expect, I try not to argue with the data. Read more
