Home prices have been declining and interest rates are nearly at 7%. Housing demand seems to be strong even with the higher mortgage rates. A strong labor market is also helping people to afford houses. However, the supply is constrained. Daryl Fairweather says that as a result, homebuyers are now turning into new construction, which is positive for homebuilders. Also, the rental market seems to be flat. Sam Burns weighs in on the upcoming CPI data.
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