More than expected but as per the chart it looks like they’ve peaked and are working their way lower. And as no house is built without a permit, and permits are also soft, I don’t see anything good happening. Also, bank lending for real estate has been decelerating and mortgage applications are going sideways: The longer term chart shows that recent weakness might just be part of the ‘pattern’ of the longer term uptrend, albeit from very depressed levels and at a slower rate of growth (And not population adjusted):
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
John Quiggin writes The war to end war, still going on
Editor writes In search of radical alternatives
Stavros Mavroudeas writes «Οι καταστροφικές επιπτώσεις της ΕΕ στην Ελλάδα και τους εργαζόμενους» – Στ.Μαυρουδέας ΠΡΙΝ 20-21/4/2024
Stavros Mavroudeas writes «Κοινωνικές επιστήμες: είδος υπό εξαφάνιση;» – εκδήλωση Παντειέρα-Attac, 23/4/2024, 5.30μμ Πάντειο
More than expected but as per the chart it looks like they’ve peaked and are working their way lower. And as no house is built without a permit, and permits are also soft, I don’t see anything good happening. Also, bank lending for real estate has been decelerating and mortgage applications are going sideways:
The longer term chart shows that recent weakness might just be part of the ‘pattern’ of the longer term uptrend, albeit from very depressed levels and at a slower rate of growth (And not population adjusted):