Homebuilding has more room to fall, and odds for a recovery are 'next to nil' until demand improves, economist says

Dec 20 2022 by Business Insider

 

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Homebuilding has room to fall further even after the latest drop in housing starts, according to Pantheon Macroeconomics.  Senior US economist Kieran Clancy wrote in a Tuesday note that demand needs to improve before a recovery can begin.  New housing data showed single-family home starts declined 4.1% last month. 

Homebuilding has more room to decline as the housing market showed continued weakness on Tuesday, according to Pantheon Macroeconomics. 

Housing starts dipped 0.5%...

Continue Reading Homebuilding has more room to fall, and odds for a recovery are 'next to nil' until demand improves, economist says