David and Tyler break down all the economic data from June: The much hotter-than-expected jobs report, the Fed's decision to not raise rates, inflation slowing to 4.0%, construction activity drastically improving halfway through the year, and the ongoing housing inventory problem. 

- U.S. Job Growth Remains Strong Despite Economic Clouds (https://www.nytimes.com/2023/06/02/business/economy/jobs-report-may-2023.html) 

- Fed Holds Rates Steady but Expects More Increases (https://www.wsj.com/articles/fed-holds-rates-steady-but-expects-more-increases-b1be87f2) - Inflation rose at a 4% annual rate in May, the lowest in 2 years (https://www.cnbc.com/2023/06/13/cpi-inflation-report-may-2023-.html)

- US Housing Starts Surge Most Since 2016, Exceed All Estimates (https://www.bloomberg.com/news/articles/2023-06-20/us-housing-starts-surge-to-a-more-than-one-year-high#:~:text=Beginning%20home%20construction%20jumped%2021.7,to%20an%2011%2Dmonth%20high.)

- Homebuilders are liking today’s housing market (https://finance.yahoo.com/news/homebuilders-are-liking-todays-housing-market-140053582.html)

David Macaione # 117378 and Tyler Cralle # 2028201 | TowneBank Mortgage is an Equal Housing Lender. NMLS # 512138. This not a commitment to lend. The content of this video are for educational and informational purposes only. TowneBank Mortgage is not a financial advisor.