US New Home Sales Spike 20% Year-over-Year (YoY) In May As Fed Pauses Rate Hikes (The Buck Drops Here!)

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Well its about time that homebuilder started building again! And maybe it was The Fed rate hike pause (and possible rate cuts in the future.

US new home sales rose 20% in May as The Fed pauses rate hikes.

Fed Funds Futures point to one or two more rate hikes, then down she goes!!!

763k new homes were added in May

Remember, there is still a lot of stimulus (M2) sloshing around the economy. Perhaps we can rename all the infrastructure stimulus that is leaking out into the economy “Buttigieg Bucks.” Or “Buty Bucks!”

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Published by confoundedinterest17

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