Pantheon Macroeconomics

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19th May 2022 00:20U.S., Daily Monitor

Don’t be misled by a modest dip in April existing home sales today; bigger declines are coming.

Inventory appears to be rebounding, at last, so the rate of home price increases will start to slow.

The Philly Fed likely dropped sharply this month, but the Ukraine/China hit will not break manufacturing.

construction existing home sales fed home sales homebuilders housing construction housing market January June loans May mortgage mortgage applications philly fed price increases trade

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Keywords for: Whatever Happened to Home Sales in April, Bigger Declines are Coming

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