Markets with Megan: A Two-Minute Financial Markets Update

024: Housing Report 07-20-23


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Ready to navigate the intriguing twists and turns of the housing market? With Megan Horneman, our Chief Investment Officer at Verdence Capital Advisors, we step into the world of housing data, where things aren't always what they seem. Megan uncovers the reasons behind the rising trend in home builder sentiment, ignited by the shortage of existing homes available for sale. She explains why homeowners clutch their low-interest rate mortgages tightly, unwilling to step into the realm of 7% mortgage rates.

The plot thickens as Megan delves into the June building permits data - a key indicator for construction. The numbers might be a touch disappointing, but Megan urges us not to view this as a sign of a broader trend. She attributes the dip to high interest rates and a lack of inventory, rather than a housing market crisis. Further, she emphasizes that the puzzles of the housing market won't derail her economic growth outlook. Follow along with us on this journey through the housing market - send in your thoughts, questions, and feedback to [email protected].

https://youtu.be/ve0easoCDFw

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

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Markets with Megan: A Two-Minute Financial Markets UpdateBy Megan Horneman

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