May. 8 at 3:23 PM
My latest on the U.S. housing market: "What Happened In the Housing Market – Clinging to A Cliff"
https://drduru.com/onetwentytwo/2026/05/08/what-happened-in-the-housing-market-clinging-to-a-cliff/
* Housing stocks weakened as ITB failed at bear market resistance, reinforcing a “clinging to a cliff” theme.
* Builder confidence dropped sharply in April as future sales expectations and buyer traffic deteriorated.
* Single-family housing starts surged in March, but permits remained near three-year lows.
* New home sales rose in March, though falling prices and large revision risks clouded the rebound.
* Existing home sales slipped back toward 2025 lows as affordability pressures persisted.
* California home sales weakened again, remaining below the 300,000 benchmark for a 42nd straight month.
* Elevated mortgage rates continued to strain affordability despite improving inventory levels.
* Housing’s share of GDP kept declining as investment shifted toward AI, energy, and manufacturing.
#housingmarket #realestate #homebuilder #economy #housingwatch
$ITB $KBH $DHI $XHB