Latest / Markets with Megan: A Quick Financial Markets Update
Housing Inventory Crisis Challenges Federal Reserve Efforts | Episode 148 | 06-20-24
Megan addresses the alarming drop in housing starts and building permits, which have reached their lowest levels since June 2020. Both single-family and multifamily homes are affected, signaling a broad-based decline in construction activity. Housing starts are a crucial indicator of construction activity, while building permits serve as a leading indicator for future construction. The decline in both metrics suggests that the housing market is struggling to recover, exacerbating the already critical inventory shortage.
This persistent lack of inventory is keeping housing prices high, making…
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