51sec snip

Hidden Forces cover image

A Recession, More Inflation, or Both? | Eric Basmajian

Hidden Forces

NOTE

**Economic activity comes from new home construction **

Existing home sales only make up about 90 % of the total housing volume, but it really contributes almost nothing to economic activity. So we see a substantial decline in the volume of new homesales. Even though the new homesale mark is only about ten % of the volume, it's all the economic activity.

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