The first rise in existing home sales for six months in October provided a rare piece of good housing market news. That doesn’t signal the end of the slowdown, but it does indicate that the strong labour market is supporting housing demand, and that a more serious downturn in activity will be avoided.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services