Skip to main content

Housing starts surged today reflecting new home sales that surged late last year. Surprised economists seem to have forgotten that starts follow sales.

Some of that surge may have been hurricane related.

Regardless, rising interest rates will at some point take a big bite out of sales. Home prices are not affordable, and rising rates make them even less affordable.

Mike "Mish" Shedlock

Scroll to Continue

RECOMMENDED ARTICLES