Housing Outlook: Is This a Recession … or Not?
Pro Builder
NOVEMBER 1, 2022
NAHB forecasts a 13% decline in 2022 and an 8% decline for 2023, with the slight moderation in next year’s decline being due to the Federal Reserve pausing interest rate hikes by that time, Dietz says. Some period of 2022 or 2023 is likely to be designated as a recession.”. Residential building permits dropped by 15,594, or 10.1%
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