Housing starts released today came in far below consensus estimates. Government efforts to stimulate the housing market have once again failed. The federal tax credit for home buyers simply pulled demand forward. We are now seeing the giveback.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Yellen Still Can’t Understand What the BIS has Known for Years About Inflation - September 22, 2017
- Is This the Beginning of the End for Fossil Fuel Energy? - September 22, 2017
- Is Intense Investor Optimism a Sign of the End? - September 20, 2017