Why New Home Construction Is Slow, And Will Remain So For A Long Time

Summary: September housing starts were weak, -15% YoY NSA (year-over-year, not seasonally adjusted) and -9.0% MoM SA. Their failure to recover has been a surprising and large drag on this economic cycle.Ignore the housing bulls. Demographic change and slow GDP prevent a housing recovery. Housing busts create recessions; no boom makes this slow expansion more […]

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This article by Editor of the Fabius Maximus website originally appeared on fabiusmaximus.com on October 20, 2016 at 12:00PM