Friday, June 17, 2022 5:36:22 AM
So housing is leading indicator for resession (but not a stand alone indicator = no such animal): Housing starts tumbled 14.4% to a 13-month low in May to a seasonally adjusted annual rate of 1.549 million units, and permits for new construction fell 7% to 1.695 million. Something to watch.
I follow Aroraguy too!!!
I'm not a financial advisor, THEREFOR, do not make any decisions, financial, investment or otherwise, based on any of the information, presented in any of my messages, WITHOUT undertaking independent due diligence and/or consulting a financial advisor.
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