With all of the February numbers for the housing market reported, let’s update this look at housing.  Remember that housing is the single most important factor leading the overall economy, as changes in housing will feed through into the broader economy over the next 12+ months.

To reiterate, housing turns in a predictable pattern:

  • -first, interest rates turn
  • -second, new housing sales turn
  • -third, housing prices turn

So let’s look at each in order: