Housing Starts and Permits Drop: What It Means for the Market

Real Estate Jerky Daily

Welcome to another episode of Real Estate Jerky Daily with your host Ed Parcaut! 😊 Today, we're diving into the latest updates in the housing market, key economic indicators, and upcoming events that could impact the market. 📉 **Key Points Discussed:** - **Housing Starts:** July figures are down to a 1.2238 million annualized pace, falling short of estimates. What does this mean for the market? - **Housing Permits:** A decrease in permits signals potential future slowdowns. - **National Association of Housing Builders Index:** Down two points, indicating lower builder confidence. - **Retail Sales:** Surprisingly strong results for July, with a significant spending increase. - **Jobless Claims:** Initial jobless claims saw a drop, but what does it really mean for the economy? - **Upcoming Indicators:** Fed minutes, Jackson Hole meeting, and various home sales data coming next week. 🚀 **Why Now is the Time to Buy:** Ed discusses why this might be the perfect moment for veterans and other buyers to enter the market, despite fluctuations in interest rates and economic uncertainties. 🏛 **Regulatory Costs:** Ed highlights the high cost of building permits, particularly in California, and discusses regulatory impacts on the housing market. 👩‍💼👨‍💼 **How to Connect:** Questions or comments? Reach out to Ed Parcaut at [edparcaut.com](http://www.edparcaut.com) or call 209-404-1915. You can also message us on Facebook or through our website. 🔔 **Stay Informed:** Don't miss our next episode! Subscribe to our channel and hit the bell icon to get notified about the latest updates in real estate and housing market trends. 📅 **Upcoming Events:** - Fed minutes discussions - Jackson Hole Fed meeting insights - New data on home sales 👍 **Like, Comment, and Share:** If you found today's episode helpful, make sure to give it a thumbs up and share it with friends or colleagues who might benefit from these insights. 📝 Thank you for tuning in to Real Estate Jerky Daily. Have a fantastic weekend, get some contracts signed, and we'll be back on Monday with more updates! #RealEstateJerky #HousingMarketUpdate #EdParcaut #RealEstateNews #MarketTrends #Veterans #FirstTimeHomeBuyers #Economy #Regulations --- Make it a great day, everyone! See you on Monday! ⏰