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Latest housing starts data is good for mortgage rates

How is today’s housing starts data, which beat expectations, good for mortgage rates? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. The answer is simple: The best way to fight inflation long-term is to add more supply.

Destroying demand is a short-term fix, but longer-term supply is the natural economic way. What we see in this latest starts report is encouraging, as a record number of 5-units are still in details ⇒

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