Punctuated by the strongest housing starts number since 2006, the U.S. housing market continues to be one of the brightest spots in the economy, thanks to lower mortgage rates and robust jobs market. Similarly, mortgage applications according to the MBA jumped more than 30% week over week, the biggest increase since 2015:
Source: Census Bureau, Mortgage Bankers Association
Adding to the slew of indicators which suggest a booming housing market, existing home sales likewise soared to the fastest pace in two years. Furthermore from Business Insider:
Total housing inventory reached 1.4 million units at