Jul
26
The Latest Housing Data Is Bad News for People Predicting Recession
ByNo need to lose sleep over this.
While some think a recession could be looming for the U.S., fresh housing data says the opposite.
Purchases of new U.S. single-family homes just hit their highest level in more than eight years, representing what Wall Street is calling a strong market.
“Today’s report confirms the considerable strength in the housing market over the past few months,” Rob Martin, an economist at Barclays Plc, said in a note. “We expect housing to continue to firm, on average, over the medium term, with a buoyant household sector supporting both prices and volumes.”…
The Latest Housing Data Is Bad News for People Predicting Recession
