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DAILY DASHBOARD
Economic Indicators — What affects housing next?

Agent answer:

The Fed held the federal funds target range at 3.5% to 3.75% on March 18 and said it will keep assessing incoming data and risks. That matters because it suggests mortgage relief may not come quickly. (Federal Reserve)

The labor market is softer: BLS said total nonfarm payrolls edged down by 92,000 in February and unemployment held at 4.4%. On the construction side, the latest available Census/HUD residential construction release is still January because the February and March releases were rescheduled to April 29, 2026. January data showed housing starts at 1.487 million SAAR, up 7.2% from December, while single-family starts were 935,000, down 2.8% from December. (Bureau of Labor Statistics)

What to tell buyers and sellers:
Housing is being pulled in two directions: softer labor conditions can cool demand, but a still-active construction pipeline could help supply over time. Near term, rate volatility remains the bigger day-to-day housing driver. This is an inference based on Fed, labor, and construction data. (Federal Reserve)

Key numbers:

DOWNLOADABLE INFOGRAPHIC

Rates are the biggest immediate headwind. Inventory is improving, price growth is softening, and buyers in many areas have more room to pause, negotiate, and walk away than they did during the frenzy years.

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