Housing starts, sales managers index, mortgage purchase index, sales managers index

June 22, 2022 at 12:24 PM EDT

After a post-Covid recovery spike, we have settled back to pre-Covid levels, which was well before the rate hikes: Applications have softened. This is the first up-week since the rate hikes: In many ways, we have yet to recover from the oil capex collapse of about 7 years ago: The post Housing starts, sales managers index, mortgage purchase index, sales managers index appeared first on Mosler Economics / Modern Monetary Theory .

After a post-Covid recovery spike, we have settled back to pre-Covid levels, which was well before the rate hikes:

Applications have softened. This is the first up-week since the rate hikes:

In many ways, we have yet to recover from the oil capex collapse of about 7 years ago:

The post Housing starts, sales managers index, mortgage purchase index, sales managers index appeared first on Mosler Economics / Modern Monetary Theory.