A mixed month for US housing data, but the overall direction remains upwards. The question is, how long will this trend continue?
Sales are down
Several key data for the US housing market pointed downwards in April. Sales of both new and existing homes fell relative to March, and by somewhat more than consensus expectations. New home sales in previous…….
Though construction is powering ahead
At least the construction of new……
But how long can it last?
Taking a step back, the obvious question is……