✉news BusinessReal Estate first seen 12 h ago, last 7 h ago, peak #13
ISM's Miller: US Construction in Contraction for Second Month
Original: US ISM’S MILLER: HOUSING MARKET FEELING DIRECT IMPACT OF HIGHER INTEREST RATES, CONSTRUCTION IN CONTRACTION FOR 2ND MONTH IN A ROW
Timothy Fiore, chair of the ISM manufacturing business survey committee, is not the source here — the comment comes from ISM economist Susan Miller? Unverified attribution aside, the headline states that the US housing market is feeling the direct impact of higher interest rates, with construction activity in contraction for the second consecutive month. No further details were available beyond the headline claim.
Why now: Markets are watching interest-rate sensitivity in the US housing and construction sector.
ISMMillerUS housing marketUS construction sector
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1121688