Don’t blame housing softness on shutdown

ShutdowenBy Nick Timiraos | The Wall Street Journal

The housing market is showing signs of slowing down from its frenzied pace earlier this year. Just don’t blame the government shutdown—at least not yet.

When the National Association of Realtors, for example, reports on existing home sales for September later this month, any softness in the housing data probably shouldn’t be attributed to the housing shutdown, which likely wasn’t on the minds of most Americans until it began on Oct. 1. (September data on new home construction, due Oct. 17, and on new home sales, due Oct. 24, won’t be released if the government is closed).

The pace of housing price and sales gains from earlier this year were already slowing before the government shutdown, largely due to four factors:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.