Home Builders: It’s A Recession

Of Course US Is In Recession Say Suffering HOme Builders
WARRINGTON, ENGLAND - OCTOBER 08: A general view of new homes being contstructed in Cheshire on October 08, 2021 in Warrington, England. The Conservative government had committed itself in its 2019 manifesto to building 300,000 homes a year. (Photo by Christopher Furlong/Getty Images)

At a glance

  • Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,” said NAHB Chief Economist Robert Dietz.
  • This his marks the eighth straight decline in the housing market index.
  • “The total volume of single-family starts will post a decline in 2022, the first such decrease since 2011. However, as signs grow that the rate of inflation is near peaking, long-term interest rates have stabilized, which will provide some stability for the demand-side of the market in the coming months,” Dietz said.

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