- Prior was 34
Details:
- Current single family home sales 39 versus 37 in July
- Home sales over next 6 months 43 versus 43 in July
- Index of prospective buyers 23 versus 23 in July
US 30-year yields hit a fresh cycle high today so that’s not going to help the housing market. The economy continues to tick along so consumers may eventually get used to +6% mortgages as that’s not something that’s going away any time soon. Overall, these numbers are in a deep recession and it’s a part of the economy that’s in terrible shape despite the uptick this month.
This article was written by Adam Button at investinglive.com.