Meanwhile, PPI for construction materials is up 11% YoY over the last three years, potentially putting more pressure on homebuyers as the demand for new homes continues to increase. https://t.co/rfFs5LNsry
— David Sommers (@dgsommersmkts) August 23, 2023
Mortgage rates reached +14.75% in 1979.
And then this happened 👀 pic.twitter.com/0ykTQHvNrE
— Genevieve Roch-Decter, CFA (@GRDecter) August 23, 2023
Household debt burden has been trending higher since 2021
A rising ratio indicates that household debt is increasing relative to disposable income
If this trend persists, it'll be a major warning signal for the economy pic.twitter.com/esr6OuSzKb
— Bravos Research (@bravosresearch) August 23, 2023