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Housing starts, Architecture index, Foreign home buyers

Summary:
Rolled over and on the decline and from highs that were at historically depressed levels: Now in contraction: From the AIA: Design services demand stalled in June, Project inquiry gains hit a 10-year low Demand for design services at architecture firms decreased in June in comparison to the previous month, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for June was 49.1, which is down from 50.2 in May. Any score below 50 indicates a decrease in billings. Both the project inquiries index and the design contracts index continued to soften in June but remained positive. Read more at https://www.calculatedriskblog.com/#YGy8qvAMEyXj5cSq.99 Foreign purchases of American homes plunge 36% as

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Rolled over and on the decline and from highs that were at historically depressed levels:

Housing starts, Architecture index, Foreign home buyers
Now in contraction:

Housing starts, Architecture index, Foreign home buyers

From the AIA: Design services demand stalled in June, Project inquiry gains hit a 10-year low

Demand for design services at architecture firms decreased in June in comparison to the previous month, according to a new report today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for June was 49.1, which is down from 50.2 in May. Any score below 50 indicates a decrease in billings. Both the project inquiries index and the design contracts index continued to soften in June but remained positive.

Read more at https://www.calculatedriskblog.com/#YGy8qvAMEyXj5cSq.99

Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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