Outside the Box: 9 reasons why the housing market risks hitting a perfect storm

There is no better barometer on the health of the U.S. economy than housing. It’s an industry that encompasses a myriad of vital sectors — banking, manufacturing, commodities, international trade, transportation and, of course, consumer spending. So it’s not surprising the Federal Reserve closely monitors housing trends in the course of setting monetary policy.

When the Fed made its surprise announcement last week to refrain from any further rate increases in 2019, it was due in part to the persistent weakness in housing. This concern was raised not just in the Beige Book but also in subsequent speeches by FOMC voters.

>>> Original Source <<<