Weekly Housing Market Update - 3/7/2023

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This week, Manager of Economic Research George Ratiu talks about the ambivalent signals in economic data. He discusses the decline in durable goods orders, driven by noticeable transportation pullbacks. At the same time, business investment rose. Similarly, the ISM Manufacturing Index slid, even as companies felt that the economy may improve later this year.

George talks about the solid employment market, underscored by low jobless claims. He also mentions the slide in consumer confidence, the result of rising prices, interest rates, housing costs, and debt.

0:17 - Recession trends
0:40 - Manufacturing trends
1:28.- Unemployment trends
1:52 - Mortgage rate trends
2:23 - Construction trends
2:47 - Real estate listings trends

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