RE:RE:RE:Q2 Will be Solid too How convenient Nozz, like usual you are cherry picking the data to suit your narrative. Which part of the report about builders not having access to credit did you not understand?
Are you aware that regional banks are a big reason why builders/developers have access to credit? With loans across all commercial banks trending down, it's not hard to see that after the spring rally, things could look a lot different for builder sentiment. Don't celebrate too early as the NAHB still has a reading of 50 and it's suppose to be the hottest time of the year for real estate. According to Redfin, median home prices are down ~ 7.5% nationally from peak levels in May of last year. Some markets are down well in the double digits especially in the tech driven areas.
Inflation does not magically get to 2% without some layoffs. A hot real estate markets pushes rents/inflation higher. Powell wants to crush it. A recession will cure the disease.