In a slew of US housing data, housing starts, building permits, and housing completions all fell below estimates in the month of March. Middleburg Communities Chief Economist Brad Case sits down with Yahoo Finance to expand upon the significance of these latest housing prints and what they mean for housing market inventories.
"I think it's difficult for the single-family owner-occupied market because so many people don't want to get out of their current mortgage because they plan to buy a different house and they'll be moving into a different mortgage, so it's going to take a long time for the single-family market to get out of that," Case explains, also discussing how Federal Reserve officials are watching shelter costs and rent inflation.
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