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Slowing Single-Family Home Permits May Mean “Recession”


Trouble is rising in the housing market and it’s not only about housing starts or slowing home prices.

According to an article in Housing Wire, the housing market has revealed yet another sign of a potential economic instability: a persistent decline in single-family housing authorizations.

Such a decline is a key predictor of economic recessions. According to a report recently released by BuildFax, single-family authorizations have declined year over year for the third consecutive month [Year???] in January, falling 3.48%.

“This is particularly notable as continued year-over-year declines in single-family housing authorizations are historically correlated with economic recessions between 1961 and 2018,” BuildFax stated.

Conversely, this means that single-family home rentals may benefit from the downturn.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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