Pantheon Macroeconomics
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Expect a small rise in H2 sales, but the weakening labor market will constrain activity.
Tentative signs of recovery in the multi-family sector, but single-family starts look set to fall further.
Real consumption likely grew at a near-2% rate in Q2, down from 2023’s rapid pace.
New mortgage rates still far too high for transactions to recover
Large fall is likely an Easter timing quirk; the trend still looks flat.
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