Mortgage Market Updates: Housing Starts, Builder Confidence, Recession Indicator - Market Update 8-21-2023

Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of August 14, 2023 in Review.Despite ongoing challenges facing home builders, construction activity picked up last month. Plus, the minutes from the Fed’s July meeting provided some hints about what’s next for rate hikes. Here are the latest headlines:-Strong Summer for Housing Starts-Understanding the Decline in Home Builder Confidence-Are More Fed Rate Hikes Ahead?-Initial Jobless Claims Remain Tame-What an Important Recession Indicator Is Saying <br/>00:00 Introduction<br/>02:31 Strong Summer Housing Starts<br/>05:02 Decline in Home Builder Confidence<br/>06:42 More Fed Rate Hikes Ahead<br/>10:22 Recession Indicator<br/><br/>To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2023 MBS Highway. All rights reserved. Mortgage Workflow Partners Inc.<br/>888-522-7181<br/>info@MortgageWorkflowPartners.org<br/><br/>Mortgage Workflow Partners Inc. is a Premier Member of the ICE Mortgage Technology™ Consulting Partner Program© 2023 Mortgage Workflow Partners Inc. All Rights Reserved.Mortgage Workflow Partners Inc.<br/>888-522-7181<br/>info@MortgageWorkflowPartners.org<br/><br/> Mortgage Workflow Partners Inc. is a Premier Member of the ICE Mortgage Technology™ Consulting Partner Program © 2023 Mortgage Workflow Partners Inc. All Rights Reserved.