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Weekly Market Update

Divergence in US Housing Market Data

Head of North American Investment Strategy & Research

Insight of the Week

  • The US housing market is one of the most interest rate sensitive sectors in the US economy.
  • With the aggressive tightening by the Fed starting in 2022, residential construction has taken a hit.
  • Since then the housing market has been in a downturn as surging mortgage costs crashed affordability and pushed potential buyers temporarily to the sidelines.

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