Friday, 17 August 2018 08:49

More Bad News for US Real Estate

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(New York)

The US real estate market has seen a string of bad news over the last few months, but many were hoping July housing starts would see a rebound. New data out shows that such a boost did not materialize, with housing starts underperforming expectations. The previous month’s reading was also downgraded by 13%. “Housing is the sole weak spot in the economy right now, and that’s probably not going to change”, according to one economist.


FINSUM: There is no near-term recovery in sight. We wonder if housing might be a leading indicator of a looming recession.

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