Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

“It’s Not Just a Decline, It’s an Absolute Implosion” – Steve Cortes on Biden’s Devastating Housing Numbers Released this Morning

by September 19, 2022
September 19, 2022
“It’s Not Just a Decline, It’s an Absolute Implosion” – Steve Cortes on Biden’s Devastating Housing Numbers Released this Morning

The Biden Administration has created a crisis that is destroying the bond markets and the stock markets.  Now the Biden recession is destroying the housing market. 

According to the National Association of Home Builders’ latest report:

Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Anything below 50 is considered negative.

Nearly a quarter of builders reported lowering prices as rates surged.

Higher costs for land, labor and materials have made it harder for builders to lower prices, but they are now being forced to.

More builders are lowering prices for homes as their confidence in the market continues to tumble.

Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Anything below 50 is considered negative.

That is the ninth straight month of declines and the lowest level since May of 2014, with the exception of a short-lived drop at the start of the coronavirus pandemic in 2020. Sentiment was at 83 in January of this year, when interest rates were about half of what they are now.

Homebuilders have to lower their prices because interest rates are going up and are expected to go up higher, but the cost of building homes is going up as well, putting a squeeze on builders’ profits, if any.

The FED this week is expected to raise rates further in its attempt to slow down inflation but this may be too little too late.

The housing market is next, at the Biden Administration has already destroyed paychecks due to inflation and savings due to the markets declining.  This may be only the beginning of the Biden recession.

Steve Cortes reported this on Bannon this morning.  He also puts this into perspective.

“It’s not just a decline, it’s an absolute implosion.”

The post “It’s Not Just a Decline, It’s an Absolute Implosion” – Steve Cortes on Biden’s Devastating Housing Numbers Released this Morning appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
DP Trading Room: Home Affordability Down 50%!
next post
High Interest Rates, Your Portfolio and Next Steps

You may also like

Karine Jean-Pierre Says Elon Musk’s Memes Trolling Dr....

December 12, 2022

Vivek Ramaswamy shares 10 commandments of 2024 campaign,...

August 18, 2023

New Hampshire’s GOP governor to DNC: ‘We will...

January 5, 2023

‘Dead of night’: Dems accuse GOP of cowardice...

May 20, 2025

Nashville school shooting: Republican congressmen demand AG Garland...

March 30, 2023

Oklahoma Senate bucks Stitt veto, votes to extend...

July 25, 2023

‘Masterclass’: Bondi flips script on Dem senator after...

January 15, 2025

Five Democrats who may retire ahead of 2024...

March 12, 2023

Vance will ‘absolutely’ bolster Trump’s message of unity...

July 16, 2024

WATCH: House lawmakers parachute out of WWII-era plane...

June 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

      June 5, 2025
    • Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

      June 5, 2025
    • Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

      June 5, 2025
    • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

      June 5, 2025
    • Supreme Court rules Wisconsin unconstitutionally discriminated against Christian charity

      June 5, 2025
    • Trump touts ‘very positive’ breakthrough with Xi after slamming China for trade violation

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,529)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved