MACRO MONDAY 21
NAHB Housing Market Index
The NAHB Housing Market Index (HMI) is compiled from a monthly survey issued by the National Association of Home Builders (NAHB) to U.S. builders in order to measure the current and forward looking sentiment for single-family homes being built or with the prospect of being built in the U.S.
In the survey builders rate...
First time since the doldrums in 2011
The cost of a 30 year mortgage is astronomical
Mortgage demand has frozen ...
Refinancing has also fallen off a cliff
I'm looking for sellers to start capitulating soon ... (as in within the next few quarters)
As we start to see the consumer at breaking point.
