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Due to the exponential trend failure, we can no longer expect a complete housing recovery in 2017. The new estimate is just this side of never.
Source Data:
St. Louis Fed: Custom Chart
4 comments:
But new home prices recovered very nicely, thank you.
Joseph Constable,
Who could have known that re-inflating new home prices would lead to struggling new home sales again?
Sigh.
Tank slapper.
Rob Dawg,
I think they might have dampened the tank a bit on this last pass. Got high median new house price molasses? D'oh!
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