Home-Builders DROP WORSE THAN 2008 - Canary in the Mine screams
Last Time The National Home Builders Index Dropped repeatedly - The 2008 Market CRASH and Deep Recession happened right after.
And Now It has Dropped Sharpest in its History.
The Canary is the Builder sentiment - Dropped to 55, a drop of 12 points.
This is the largest single-month drop ever, with one exception. The exception being April 2020. As you may recall, the world had decide to shut down at exactly that time.
Or is it the Scream of the Crashing Market ?
And Now It has Dropped Sharpest in its History.
The Canary is the Builder sentiment - Dropped to 55, a drop of 12 points.
This is the largest single-month drop ever, with one exception. The exception being April 2020. As you may recall, the world had decide to shut down at exactly that time.
Or is it the Scream of the Crashing Market ?