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%.


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!




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.