Housing market not showing recession says BMO

A report from the Bank of Montreal says that, despite the technical recession, there is no sign of that in the housing market.

The bank's analysis of the market from its economist Robert Kavcic is that, although housing starts have slipped back month-over-month, the overall numbers show a healthy housing market.

In a client note he wrote that the numbers are “consistent with demographic demand, but inconsistent with past national recessions.”

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