Total housing starts are down 7.7% year over year, which is at the lowest it's been since the pandemic began. Builders did resume building for a while but they're feeling a little gun shy about continuing to build new inventory in the single-family home sector. Freddie Mac was putting out warnings right before the pandemic about this housing shortage and the pandemic only made it worse through both labor and supply chain shortages.
#416: Crypto is tanking. Household debt is climbing. Student loans are tangled up in the court system. And the house market…did what?!
Today’s bonus First Friday episode takes a look at the latest economic headlines, with analysis, commentary and hot takes.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode416
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