U.S. New Private Housing Units Authorized by Building Permits and Recessions In October, U.S. building permits rose to 1,487 million above expectations, which is good news. Before recessions, building permits tend to peak and then decline. Image: Federal Reserve Bank of St. Louis
U.S. Housing Market – MBA Purchase Index Mortgage applications in the U.S. continue to decline due to a combination of high interest rates and elevated home prices, resulting in a 28-year low. Image: The Daily Shot
Housing Market – U.S. Home Purchase Mortgage Applications Concerns arise over the U.S. housing market as mortgage applications reach their lowest point in almost three decades, Image: BofA Global Investment Strategy
Housing – Global House Prices Will global interest rate hikes continue to drive down house prices? Image: BofA Global Investment Strategy
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