Ivy Zelman on the Coming US Housing Crisis
Macro Hive Conversations With Bilal Hafeez
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COVID - What's Your Sensation?
When the initial shutdown occurred in TQ of 20, we would have expected that housing would roll over pretty sharply. We were looking for like a 25, 30% decline in pretty most of our volume metrics. In May through our proprietary survey work that we do, which we really are differentiated in the market by aggregating at the C-suite level, we started hearing about the market is really starting to accelerate. But right now we're getting a backlash of the change in direction from free money to now rising rates inflation. And so the market is poised for a fairly significant correction.
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