The Housing Rebound Continues, Strong Evidence Of Recession Risk Receding In 202
Summary
Housing permits and starts are long leading indicators.
Permits made new expansion highs in October.
The three-month average of starts also made a new expansion high.
Since interest rates have been declining through most of this year, expect the housing rebound to continue.
The positive news in these long leading indicators is strong evidence that the economy will strengthen in 2020. Introduction
This morning’s release of housing permits and starts shows that the housing rebound continues.
Important metrics made new expansion highs
Starts increased, although not to an expansion high. More importantly, the more leading and less volatile permits *did* increase to a new expansion high:
https://seekingalpha.com/article/4307917-housing-rebound-continues-strong-evidence-recession-risk-receding-2020
I really don't think we are going to be getting into a recession either. The economy is looking pretty good.
Home sales are stable where I\'m at also.