That Bidenflation is really hurting Americans.
Start with the UMich Buying Conditions for Houses. It “rose” to 83. Unfortunately, 100 is the baseline and any number below 100 is bad. The reason? The massive increase in US home prices since 2020.
But retail sales are hurting thanks to higher prices. Retail sales less food services and auto are DOWN 3.1% MoM.
Meanwhile, US industrial production fell to -0.3%.
3 thoughts on “UMich Housing Sentiment “Rises” To 83 As Inflation Hurting Retail Sales (Industrial Production Declines -0.3%)”
I’ve never heard of the UMich Housing Sentiment? What is based on and who owns it?
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