U.S. New Private Housing Units Authorized by Building Permits and Recessions In April, U.S. building permits declined to 1,873 million (annualized). Historically, before recessions, building permits tend to peak and then decline.
U.S. Housing Starts and New One Family Houses U.S. housing starts increased 0.3% in March. 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 – CME Lumber Futures Price Lumber prices are still soaring higher. Will U.S. house prices become even less affordable? Image: The Daily Shot
Housing – % of New U.S. Home Sales by Price Range The share of new home sales over $500,000 is increasing. Image: BofA Global Research
Housing – World Real House Prices Will the latest global housing boom end well? Image: Oxford Economics
Housing – House Price Appreciation Is there currently a global housing bubble? Image: BofA Global Research
Housing – House Price Index This is the fourth housing boom since 1970. Image: BofA Global Investment Strategy
Housing – U.S. Home Prices U.S. home prices have risen significantly during the pandemic, but are expected to rise more slowly in the coming years. Image: Morgan Stanley Wealth Management
Housing – U.S. Existing Home Sales: Median Price and Inventory The inventory of homes for sale in the U.S. is now very low, with home prices expected to keep climbing. Image: Morgan Stanley Wealth Management
Housing – U.S. House Prices In nominal terms, U.S. house prices are soaring. But in gold terms, they have fallen by 60% since 1972. Image: Nordea and Macrobond