Inventories of houses in various stages of construction have been piling up for two years and have now reached levels not seen since early 2008

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Source: https://wolfstreet.com/2023/01/19/residential-construction-splits-multifamily-starts-in-2022-jumped-to-highest-since-1980s-boom-single-family-starts-dropped/

US Existing Home Sales decrease -1.47% M/M — largest ever annual drop

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