Inventories of unsold new homes are surging. 👇🏼 pic.twitter.com/AwjX2ZL4RU
— Kalani o Māui (@MauiBoyMacro) May 16, 2025
Student loan repayment fully resuming is a headwind for the housing market.
Rental, more than sales.
The scale of the impact is staggering.
Student loan forbearance gave 40 million Americans ~$500/month for 5 years.
Injecting ~$240 billion annually into the economy, likely…
— AKM (@akm515) May 16, 2025
The fact that single-family housing starts dropped 2% in April and are down a whopping 12% year-on-year to a nine-month low is the clearest sign of how the economy is in desperate need of interest rate relief. Not to mention yesterday’s disaster of an NAHB survey. As the soft…
— David Rosenberg (@EconguyRosie) May 16, 2025