Steven Wood Quotes

While a portion of this strength is due to unseasonably mild winter weather, it is obvious that higher interest rates are, so far, having little dampening impact on construction.

- Steven Wood

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Portion | Strength | Unseasonably | Mild | Winter |

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With last week's Fed tightening, mortgage rates have continued to rise, so that further declines in housing activity are likely over the balance of the year. Nevertheless, robust labor markets and rising incomes have helped sustain housing at a relatively high level. - Steven Wood

Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead. - Steven Wood