US new home sales dove by 11.3% month-over-month in May, a noticeable difference between expectations for just a 0.2% drop. The US Census Bureau also reported that median new home prices fell to $417,400 in the month.
Catalysts Hosts Seana Smith and Madison Mills sift through the fresh housing data and its relation to elevated mortgage rates and homebuilder sentiments.
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When Trump was in office there was a dollar menu everywhere and gas was $2.00 and now it’s $18 for a Big Mac meal and $7.00 a gallon for gas and Trump had NO wars and closed borders!
Trump Covid. The COVID-19 pandemic in 2020 had a significant impact, causing a sharp drop in demand and prices. Then he attempted to overthrow democracy on January 6th. Then shared national secrets with others. Then became a convicted felon.
It’s almost as if the economy has fcked everyone and nobody can afford a house.