MSNBC MSNBC Reports June 4, 2024 16:55:00
This, the cooling continues. u.s. single family home building tumbling to a 2 1/2 year low in november. permits for future construction plunged 11%. we got this report from the commerce department on the heels of home builder confidence and a reading there yesterday where we saw that fall to a record -- for a record 12th month in december. residential investment continuing to contract. housing is in a recession. that's something we were told last hour here. the housing data is disconnected or lagging what's happening in the field as well. it has been a swift slowdown. home builders are respond...
Source: archive.org