Today’s podcast goes over the question, is the housing recession over? We are talking about this because of the recent blow-out housing starts report we had, which I believe will be revised lower.
I recently wrote about the housing starts report with charts to add perspective to this debate. If you like to join HW Plus, please use my LoganVIP20 code.
The confusion here is that many bearish wall street firms or stock traders have used the builder’s confidence data as their lead into a recession and out. Well, it’s a bit complicated now since the builder’s confidence index has bounced hard.
On another note, today, the existing home sales report came out, and yes, we are back to the Savagely Unhealthy Market again, as the days on the market are back at a teenager level, which I wrote about here.
2023 GOE conference in Austin, Texas, where I will be back in Austin on October 10-12
Registration Link: https://events.housingwire.com/housingwire-annual
“Keep your face always toward the sunshine and shadows will fall behind you” Walt Whitman
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else