This topic concerns the residential construction worker and their importance in the economic cycle more than the existing home sales marketplace. I pegged the existing home sales marketplace in a recession on June 5th, 2022, and that hasn’t changed at all. However, residential construction workers haven’t been laid off yet, a key indicator for an upcoming job loss recession in the past
Tomorrow I will be on CNBC to talk about this subject too.
For those who prefer a YouTube channel, HousingWire has its YouTube channel, and both podcasts each week will be there now.
Here is the article on this subject matter.
Every weekend, HousingWire brings out the weekly HousingWire Tracker report, in which I take a deep dive into the current and forward-looking housing data lines so you can be up to date with the data lines that matter in housing.
“In three words, I can sum up everything I’ve learned about life: it goes on.” -Robert Frost.
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.