A number of market analysts have pointed to signs of weakness in the U.S. housing market as an indicator of a possible economic recession ahead. A slowdown in the housing market – evident by dampening home price growth, a decrease in new and existing home sales, and a downturn in housing starts – can be a key signal of the wavering health of the overall economy. Now, the housing market has revealed yet another sign of a potential economic instability: a persistent decline in single-family housing authorizations. What ...
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