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Builders Slump as U.S. Housing Market Shifts to the Slow Lane – Investors are increasingly worried about what JPMorgan Chase & Co. calls a “fairly tepid” housing recovery. New-home inventory is rising but getting increasingly expensive amid labor shortages..
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The Day Ahead: Durable Goods, New Home Sales, $35 Billion 5s – 8:30 New orders for Durable Goods are anticipated to rise 1.6% in September, reversing the 1.5% decline seen in August. A major gain in Aircraft orders should deliver a boost to the index as.
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The first half of 2019 bore promising gifts to eager homebuyers, namely low mortgage rates and slowing home price growth. This comes, however, amid a deepening shortage of affordable housing.
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