Lennar: "Didn't see typical seasonal pickup after February"
This is a short note …
The Lennar headline is from a comment this morning. This is just one anecdote, but I believe the housing market will be impacted by policy.
I started the year taking Fed Chair Jerome Powell’s approach to the impact of policy: I’d wait to see what was implemented before changing my outlook. Here is my outlook at the start of 2025:
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