The media loves to print stories about the collapsing economy under Covid. But they fail to mention how one sector of the economy, real estate, is experiencing a V-shaped recovery DESPITE economic shutdowns of state and local economies ostensibly to prevent the spread of Covid-19.
But housing is showing the v-shaped recovery in housing starts, existing home sales and new home sales. Although these indicators may slow with a slowing GDP growth … to 11% QoQ (blue dotted line)
Commercial real estate? Even the notoriously smoothed commercial real estate index is rising again with v-shaped recovery.