Ep. 227 | A Surprisingly Good Construction Report

SUMMARY: The Census Bureau’s September construction was better than expected and the South (of course) continues to dominate, mortgage demand falls to a 25-year low, and the Fed’s beige book tells us what we already know about the housing market…

Sources:

• Housing Starts Are Down but Permits & Completions Are Up
• Mortgage Demand Falls to 25-Year Low
• Fed’s October Beige Book: Housing is Cooling