Housing And The Blues: Interest Rate Increases Causing The Blues For Builders (Surprise Index Lowest Since 2010)

Housing and the Blues. 

Yes, the hard data for housing has been soft as The Fed keeps raising rates. Today, the National Association of Homebuilders index of homebuilder optimism took a large drop to 60.

housingopt

But take look at the Real Estate Market Surprise Index. It is now at the lowest level since 2010.

Housing and the blues.

HANKCXCXC

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