Housing is plunging

 

 

Housing starts plunged. As I predicted. See the previous post. Housing starts plunged 17.7% from the previous month and -3.3% from a year ago.

 

Housing, as discussed in previous posts, is a major sector of the US economy. The decline in housing is a strong headwind for business activity.

 

The weakness in lumber points to more weakness ahead for the housing sector.

 

Interest rates (short-term and long-term) are going to go lower not higher. 

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George Dagnino, PhD

Editor
The Peter Dag Portfolio
Since 1977

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