🚨US Housing Market just sent a loud distress signal.


May Housing Starts collapsed to 1.177 million — a massive miss against 1.43 million expected.
A brutal 15.4% month-over-month drop, the second consecutive double-digit decline.
Building permits also missed.
This matters. Housing starts are one of the most reliable leading indicators of the real US economy. Builders only break ground when they see genuine demand ahead.
With mortgage rates still near 7%, pandemic-era homeowners locked in at 3% refusing to sell, and new construction now falling sharply, the supply crunch is getting worse.
The Fed meets today. This data just made their decision significantly harder — no clean options left.
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