Last year, many builders were trying to clear out inventory. Since then, they’ve built very little, and gotten rid of much of their standing inventory.
I have no idea, just trying to throw theories out there.
As far as existing-home sales are concerned, I think it’s the lack of inventory that is hampering sales. It might be the same for new sales.
The MSM might be gearing up for a new “panic” so the Fed is left with no option but to continue forcing rates well below where they ought to be. Whenever it looks like the stimulus and low interest rate programs might be withdrawn, they come up with a new excuse for the “hair of the dog” stimulus to continue.
