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Guggenheim: US stock markets likely to face much tougher conditions this summer, as Nasdaq Composite and S&P 500 could plunge 75% and 45%, respectively; with more possible rate hikes pending, recession will be hard to avoid
Published: May 20, 2022 by Business Insider
CIBC: US housing starts below expectations in April, flat month-over-month and up 15% year-over-year, but permits beat forecast, down 3% month-over-month but up 3% year-over-year; higher mortgage rates expected to cool demand, slow starts in coming months
Published: May 20, 2022 by CIBC World Markets Inc.
Wells Fargo CEO says there's no question of US heading into downturn, and recession looks difficult to avoid; strength of businesses, consumers would hopefully make any recession short, but world is reacting to Fed raising interest rates to tame inflation
Published: May 19, 2022 by Business Insider
US 30-year fixed-rate mortgage averaged 5.25% in week ended May 19, down from 5.30% last week; 30-year FRM averaged 3.00% a year ago: Freddie Mac
Published: May 19, 2022 by Federal Home Loan Mortgage Corp. (Freddie Mac)
US builder confidence in market for newly built single-family homes fell eight points to 69 in May, the fifth consecutive monthly decline; affordability challenges in the form of rising interest rates, material costs and home prices dampened demand: NAHB
Published: May 17, 2022 by National Association of Home Builders (NAHB)

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