Trump is doing this ⬇️

[mobeau69]

Christopher Rupkey, chief economist at FWDBONDS. "The nation's housing market outlook has never looked this troublesome. This could actually end quite badly for the economy."

https://stocks.apple.com/AkHXZQiwARtq-ib04huKIkQ

[bucolic_frolic]

1. Read the fine print. Housing starts in the Northeast increased

the only region to do so. Yes people who can afford it are trying to escape to a blue state. California is priced out for most people.

[FirstLight]

2. This jumped out at me...

The slump in demand has increased the supply of homes on the market, discouraging builders from breaking ground on new housing projects. New housing inventory is at levels last seen in late 2007.

...yeah...like right before the housing bubble popped in 2008?

And tariffs on building materials will only compound the issue...

[Johnny2X2X]

4. Lots of differences between the housing bubble and this situation

Builders are holding off, not because of an oversaturation of homes like in 2007, but because material costs are high. This will inflate a bubble, not pop one. Unfortunately, this will also raise rents along with prices.

[FirstLight]

5. thanks for the explanation...

Though either way, we're looking at a shortage... it sucks.

On the bright side, maybe some mortgage companies will go belly up in the process, I hate mortgage companies...

[mwmisses4289]

6. It really depends on the area, doesn't?

Where I live, three new developments broke ground in the past few months, 2 developments are continuing to expand, and there's rumors there are more on the way. How many homes they are actually selling... that i couldn't tell you.

[PJMcK]

3. Mr. Rupkey has a firm grasp of the obvious

None of Trump’s policies— if by policies you mean the putrid droppings from his ass— have any strength or rationality to them. Every single thing he has done destroys our government, our economy, our social fabric and our country. Of course these actions will affect the housing market and everything else, too. That’s really good forecasting, Mr. Rupkey.

Everything Trump touches dies.