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Housing starts typically fall more before recessions than now, Eric Basmajian notes

Housing starts typically fall more before recessions than now, Eric Basmajian notes
Housing starts less steep than usual pre-recession

Eric Basmajian said residential construction remains depressed, but noted that housing starts usually decline more sharply ahead of recessionary periods than they have at present.

Basmajian previously noted that job seekers may face a weak labor market even when layoffs and losses are well above typical recession levels, according to a recent article (link). He has also observed that a 0.5% increase in core inflation was twice as likely as a decrease when money and payroll growth matched current rates (link). These findings contribute further context to his current views on housing and economic conditions.

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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