General World News

Completion data is positive news for housing market

The best way to deal with inflation is always adding more supply: if you’re trying to defeat inflation by destroying demand, you’ve already lost the battle and will hurt future production. That’s why today’s housing completion data was excellent news.

During a traditional recession, builders typically show lower starts, permits, and completion data. However, in an odd twist, builders now they have a massive backlog of homes they need to finish, which is historically abnormal. This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome.

The bigger story here is details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com