U.S. New Private Housing Units Authorized by Building Permits and Recessions In April, U.S. building permits declined to 1,416 million (annualized). Historically, before recessions, building permits tend to peak and then decline.
Housing – Global House Prices Will global interest rate hikes continue to drive down house prices? Image: BofA Global Investment Strategy
U.S. Housing Market – MBA Purchase Index Mortgage applications in the U.S. rose this week, despite an increase in the 30-year fixed-rate mortgage. Image: The Daily Shot
Housing Market – U.S. MBA Purchase Index Mortgage applications are on a downward trend as mortgage rates rise, which is a major factor in the slowdown in the U.S. housing market. Image: BofA Global Investment Strategy
Housing – New One Family Houses Sold Total NSA U.S. new home sales rose 7.2% in January, which was better than expected. Image: The Daily Shot
U.S. Housing Affordability Housing affordability set to improve in the United States. Image: Gavekal, Macrobond
Housing – CME Lumber Futures Price The U.S. housing downturn continues to have an impact on lumber prices. Image: The Daily Shot
U.S. Housing Starts and New One Family Houses Housing starts declined 0.5% in November. Usually, a continued downturn may signal a contraction of the economy. And historically, a decline in residential real estate has led several recessions. But housing is already in a slump and shouldn’t cause a recession.
Housing Market – U.S. Pending Home Sales Recession is coming in the United States. U.S. pending home sales, down 30% from a year ago, are a good leading indicator of the housing market. Image: BofA Global Investment Strategy
Housing Market – U.S. Housing Starts U.S. housing starts drop in October amid rising mortgage rates. Image: The Daily Shot