Inside the Economy: Housing, Immigration, and Treasuries
Description
This week on Inside the Economy, we explore the housing market, immigration, and the Treasury market. Mortgage rates have been hovering around 7%. Has the heightened level of interest rates negatively impacted existing home sales? New construction of single-family homes stands at over 900,000; how does that compare to multifamily construction? In other news, U.S. immigration trends for green card holders and temporary visa recipients have remained steady or slightly increased, but has immigration among other foreign nationals declined, possibly due to recent policy shifts? Meanwhile, the 30-year yield has begun to creep down from its peak in May. Could Treasuries still be considered a safe haven for both domestic and foreign investment? Tune in to learn more!
Key Takeaways:
- Head CPI Inflation at 2.4% (YOY)
- 30-year Mortgage rate at 6.81%
- Existing Home Sales at $4M in May
United States
