Multiple signals a recession is eminent. Home sales figures are on the decline, and prices are flat or falling in virtually every market. No more bidding wars on homes. I know some builders in Huntsvegas, which has been an ultra hot market, have put the brakes on spec homes and are only doing pre sales.
An old adage is that the construction market is the first to fall and last to come back in a recession.
Last edited by AU338MAG; 10/20/23 10:50 AM.
