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Existing home sales stay at secular lows, Bob Elliott notes

Existing home sales stay at secular lows, Bob Elliott notes
U.S. home sales remain at lows

Bob Elliott, co-founder / CIO at Unlimited, observes that U.S. existing home sales continue to remain at secular lows.

This suggests that hopes for a near-term rebound in the housing market have not materialized.

Elliott has previously pointed out that real income growth remains at its weakest pace since 2022. He has also noted that U.S. manufacturing output is up just 0.6% year over year but still trails 2022 levels. These data points highlight ongoing softness in multiple segments of the U.S. economy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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