Article source: ConstructConnect
The U.S. and Canadian central banks are determined to slow their economies enough through interest rate hikes to put a choke hold on inflation (which, by the way, is showing signs of relenting in both countries). The ‘slowing of the economy’ part of the plan is worrisome because it might bring on recessions of who knows what duration or magnitude.
Since the beachheads of recession north and south of the border will almost certainly be established in residential real estate markets, this edition of the Nuggets report will concentrate nearly exclusively on the latest home building statistics for the U.S. and Canada.
