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Housing Market Cooling Off

The housing starts numbers were reported May 18 with actual starts coming in at 1.724M versus the estimate of 1.765M. Higher interest rates are affecting the entire economy and that includes the housing market, says Daryl Fairweather. She says we need more housing to be built, so this isn't good for the housing market. Inflation and the labor shortages are starting to affect houses being built, and affordability continues to be an issue, says Erin Sykes. Daryl says we should brace ourselves for more frequent disruptions such as climate change, global conflict, and future pandemics. Erin discusses rate locks and the affect when they fall off. Tune in for the full discussion with Nicole.

Trading 360

18 May 2022

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