Trick or Treat for the housing market?

🇺🇸September #jobsreport: It's a hot one! 🔥 ✅Payrolls +254k ✅Private +223k ✅Gds +21k ✅Svc +202k ✅Gov +31k 🔼Diffusion 58% ✅Revisions +72k 🔻Hours -0.3% ✅#Unemployment 4.1% (-0.1pt) ✅Part rate 62.7% (flat) 💵Wages +0.4% m/m 🔼Growth 4.0% y/y (+0.1pt)

Treat has turned to trick for the U.S. housing market. After dropping in September, mortgage rates have edged higher throughout October

Where do all those estimates of a “housing shortage” come from? Hutchins Center Explains brookings.edu/articles/where… The Brookings Institution