To explain, the green line above tracks homebuilder confidence, while the red line above tracks homebuyer confidence. If you analyze their movement, you can see that the pair has been largely interconnected since the 1980s. Yet, with unaffordability pushing the red line to/near its all-time lows, higher long-term interest rates make the situation even gloomier. As such, the data does not support a soft landing.
https://www.investing.com/analysis/d...lver-200642093
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