Alarm! US Home Builder Index Falls Below 50 As Fed Tightens Monetary Noose

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Alarm!

The National Association of Home Builders Market Index slipped into darkness … that is, dropped below 50 to 49 in August as The Federal Reserve continues to tighten its uber-loose monetary policy, resulting in rising mortgage rates.

Note the plunge in the NAHB market index as mortgage rates began rising.

Published by confoundedinterest17

Published