Lower mortgage rates and higher inventory numbers receive muted response from consumers as economy begins to slow down.

Despite rate cuts being in sight, a rising unemployment rate and international uncertainty is leading to some residual jitters in the housing market.

High interest rates continued to batter homebuilders as rising home prices continued to push many prospective buyers into putting off their purchases.

While up YoY, April housing starts reflect the broader malaise affecting the market brought on by higher interest rates and higher lending costs.

NAR reports a sagging market despite inventory of existing home growing 4.7% from a month ago.