Logan Mohtashami on why the Fed is using housing as a sacrificial lamb
HousingWire Daily
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Is There a Higher Unemployment Rate?
New home sales are still very low historically, but still back to 1996 levels. Right now, and we have 406,000 of homes that are either in construction or not constructed yet. So it's a lot of tug of war action right now with rates. But you clearly see they realize housing is in a recession.
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