024: Housing Report 07-20-23
Ready to navigate the intriguing twists and turns of the housing market? With Megan Horneman, our Chief Investment Officer at Verdence Capital Advisors, we step into the world of housing data, where things aren’t always what they seem. Megan uncovers the reasons behind the rising trend in home builder sentiment, ignited by the shortage of existing homes available for sale. She explains why homeowners clutch their low-interest rate mortgages tightly, unwilling to step into the realm of 7% mortgage rates.
The plot thickens as Megan delves into the June building permits data – a key indicator for construction. The numbers might be a touch disappointing, but Megan urges us not to view this as a sign of a broader trend. She attributes the dip to high interest rates and a lack of inventory, rather than a housing market crisis. Further, she emphasizes that the puzzles of the housing market won’t derail her economic growth outlook. Follow along with us on this journey through the housing market – send in your thoughts, questions, and feedback to [email protected].
