No. of Recommendations: 9
There are many canaries looking poorly.
The number of completed homes for sale in the US never exceeded about 78000 from 2010 (finishing recovering from the credit crunch) till November 2023.
The latest figure is up to about 116000. US housing is the world's largest asset class. Where house prices go, the US economy generally follows.
More US business sectors are experiencing job losses than are experiencing gains. This is rare outside of recessions. (for about a month around 2017, but otherwise only in stretches coinciding with, and immediately after, recessions back to 1990)
The rocket ship is still rising, but the acceleration phase would appear to be over.
Jim
