Today I was interviewed by Pimm Fox for Bloomberg Radio. You can listen to the interview here:
The main topic I wanted to get across is that housing starts are in the penalty box until we can get new home sales above 640,000 again. That sales trend need to be confirmed with at least 4 months of revisions as well with monthly supply getting below 6.5 months again.
If you look at some housing market data the optics are terrible as it looks like housing has peaked. I tried to convey a lot different factors in this cycle that might go against a peak new home sales housing call here in this article.
The Housing Market Has Materially Changed
Tomorrow I will have my 2019 economic and housing prediction article.
Logan Mohtashami is a financial writer and blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami is a senior loan officer at AMC Lending Group, which has been providing mortgage services for California residents since 1987. Logan also tracks all economic data daily on his own facebook page https://www.facebook.com/Logan.Mohtashami