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America has become a massive housing construction site

Posted by Sam Ro on Wednesday, October 27, 2021, In : Technical Analysis 


A version of this post was originally published on TKer.co.

There’s a housing boom going on in America as low mortgage rates, the accumulation of wealth, and the desire for more space has renters becoming buyers.

On Thursday, we learned that the pace of existing-home sales, or the sale of previously owned homes, jumped 7.0% from August to an annualized rate of 6.29 million units in September. While this number is down slightly from a year ago, it continues to hover at levels last seen during ...


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