US Housing Starts (1-unit) Fall 6.4% In May Despite Mortgage Rates Falling To 3.99% (Jay Powell To The Rescue?)

The housing starts report for May was dismal. 1-unit housing starts fell 6.4% from the previous week despite mortgage rates breaking through the 4% barrier to 3.99%.

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At least 1-unit starts got one surge from declining mortgage rates in January 2019.

Will The Fed’s Jay Powell come to the rescue? 

Go Jay Powell! Go Jay Powell!

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