The popular business press, including the cable news channels, are awash in reports that housing demand has already jumped on just the notion of rate cuts later this year, and the jump is expected to become a surge as I have been predicting. Remember, I have said for the last several months that when the Fed signaled inflation was headed…
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Builder Confidence Rises Two Points in August
Builder confidence in the market for newly built, single-family homes rose two points to 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August. This third consecutive monthly gain brings the index to its highest level since January.
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