Episode 5: Prospective rebound in the housing sector?
- Inflation remains stubbornly high, due to a strong labor market.
- Fed might return to interest rates hikes, but at a milder pace.
- Privately owned housing starts surged by nearly 22% in May, marking the highest monthly increase since 1990.
- Roughly 760,000 new homes sold in May.
- Consumers are gaining confidence in the housing sector.
For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.
