Apartment Permits Are Back to Recession Lows. Will Mortgage Rates Follow?

HousingWire, March 19, 2024-Logan Mohtashami
In Tuesday’s report, the 5-unit housing permits data hit the same levels we saw in the COVID-19 recession. Once the backlog of apartments is finished, those jobs will be at risk, which traditionally means mortgage rates would fall soon after, as they have in previous economic cycles.
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