Robert new home sales are still at multi-decade lows! Hardly what a "recovery' Looks like https://smaulgld.com/new-home-sales/
Yes, a long-term chart shows how anemic the "recovery" looks.RW, any comment on the marked decline in the Cass Truckload Linehaul Index?Sliding into recession with our eyes wide shut....
This is because government regulation and taxation has made inexpensive new homes unprofitable to build. So if someone cannot afford the new home prices (due to the size, construction, and location) he has to buy an existing home.
This IS what a recession looks like when propped up with 0 interest rates