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US Home Builders Just Stopped Building
Blame the weather if you like, but the pace of single-family home construction in America just collapsed by the most since the original COVID shock.
Anyone unlucky enough (or junior enough) to be logged in Friday saw the US government report a 14.1% plunge in single-family housing starts for July, the largest MoM decline since April of 2020, when the economy was shuttered by a mysterious plague.
As the figure shows, the annualized pace is now consistent with that witnessed on the heels of the
All of the contractors I know are Trump voters. Maybe it’s a conspiracy š ?
It’s funny you should say that. I was in a builder’s office two years ago and I bumped into (literally) a life-sized cardboard cutout of Trump.