• Leonard Brecken

Latest Housing Data Points

Existing Home Sales (National Association of Realtors) for February rebounded growing 3% vs last month vs a drop of 3.2% in prior period and rose 1% year over year vs falling 4.8% in the prior period. With the Federal Reserve raising rates today and expected 2 more hikes in 2018 its unclear how sustainable this bounce in demand will be. As a reminder in 2019 3 more hikes are expected as per Federal Reserve guidance. Thus the reversal of falling rates the last 10 years are clear which we believe in addition to other monetary policy measures resulted in the housing recovery. With rates AND monetary policy reversing it prompts us to be cautious as we approach any business tied to housing/construction going forward.


Come see us to see how we incorporate our interest rate views in the business planning process.

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