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Home sales continue to worsen. Homebuilder stocks continue to suffer and are in contrast to the indexes, and are close to their lows for the year.
Certainly feels like residential real estate is on shaky ground. But I'm not convinced it's headed for a crash. We still don't have a ton of housing...
“Construction starts rebounded across most sectors in May, bouncing back from a sluggish April,” stated Sarah Martin, associate director of forecasting at Dodge Construction Network. “However, year-to-date figures remain below last year’s pace. Ongoing uncertainty around trade policy and the economic outlook is likely to keep construction activity in check in the months ahead.”
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Yikes
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