The Trumpnation will build WONDERFUL cities in rural America and create jobs for red-hats to live happily ever after
Housing is a cyclical market -- I have been involved with it most of my life. In the late 1970's before the housing 'crash' that high mortgage interest rate created
The USA is still in a slump as far as new housing
https://www.census.gov/construction/...susintenta.pdf Why is that?
Housing is not such a good investment
You would thing the historicity low mortgage rates would increase new housing development -- Housing Affordability Index (Composite)? (COMPHAI)
https://fred.stlouisfed.org/graph/?g=eh5s
https://fred.stlouisfed.org/graph/?g=eh5i
Monthly Supply of Houses in the United States (MSACSR)
Why is supply at a low point. Maybe, demand is lacking? Or, this is a seller's market.
If long term interest rates rise -- and most think they will -- housing will become less affordable. Unless, the US economy radially improves.
Putting coal miners back to work is not going to translate into a robust US economy.
Buy into fixed rate mortgages now or deleverage -- or sell and take capital gains.