Decide for yourself if the year end tax hikes, sequesters, and the latest rate spike has bent the curve…
Not to forget housing has traditionally been the sector driving the ‘borrowing to spend’ needed to offset the demand leakages as govt ‘gets out of the way’/deficit reduction.
Mortgage Purchase Applications:
![](https://moslereconomics.com/wp-content/graphs/2013/09/mba-starts-small.gif)
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Housing Starts Y/Y:
![](https://moslereconomics.com/wp-content/graphs/2013/09/starts-small.gif)
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