In the latest HousingWire Daily podcast episode, recent negative GDP data's impact on the economy and housing market was discussed. As mortgage rates exceed 7%, builders face challenges, and housing permits reach recession levels. Builder confidence has waned amid rising tariffs and high rates. The podcast highlights the Federal Reserve's inaction towards the housing market, emphasizing its relevance amidst the slowest home sales history. A potential shift in policy could signal interest in boosting home sales, making the upcoming Fed meeting significant for economic outlooks and housing forecasts.
The Federal Reserve has turned a blind eye to the housing market for quite some time now, stepping into the fourth year of the lowest home sales ever recorded.
Since mortgage rates have surpassed 7%, builders have faced increased challenges, and housing permits were already at recession-level numbers.
Collection
[
|
...
]