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15th Jun 2023 17:39U.S.

  • The housing market is not recovering; home sales will soon hit new lows, tracking mortgage demand.
  • New home sales are outperforming, lifting homebuilders’ stocks, but further gains will be a struggle.
  • The housing market recovery can’t start until mortgage rates fall substantially. 

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Keywords for: 20 June 2023 US Monitor Made

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence