Wish me luck as I wave you goodbye, Morgan Stanley: Our housing model, MSHAUS, declined to -0.9 in 2Q17 – marking a record-low in its 28-year history. This reflects the start of MacroPru-2 measures, strong supply growth and higher debt service on mortgage repricing. We look for further softening in approvals / price growth over
The post Morgan Stanley housing leading indicator craters to 28 year low appeared first on MacroBusiness.
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