Single-family housing authorizations fall, increasing recession probability

Single-family housing authorizations fall, increasing recession probability
Single-family housing authorizations decreased 0.95% in December, falling for the second consecutive month and down 3.76% year-over-year, according to a recent report by BuildFax. Assuming a number of indicators follow a projected pattern, BuildFax said there is a 43% probability of an economic recession between 2019 and early 2020.
Source: https://www.housingwire.com/rss