Can't overstate the impact that's coming down the pipeline to truckers, farmers, logistics, and beyond- the U.S. economy runs on diesel with several states setting new all-time highs for diesel, while others are seeing largest monthly increases of all time:
AZ +67%
NV +58%
NC +58%
TN +56%
LA +56%
Fed's Powell with another quote for our current moment: "It's very hard to build great democratic institutions and...much easier to to bring them down."
Freddie Mac House Price Index Decreased in February; Up only 0.4% Year-over-year
Punta Gorda House Prices Down 23% from Recent Peak, Austin Down 18%
calculatedrisk.substack.com/p/freddie-ma...
John Macke and Rick Palacios Jr. at JBREC:
"2026: muted—and getting murkier. Our outlook was already cautious before March; rising oil prices, spiking mortgage rates, and a slow spring selling season are putting further downward pressure on our starts forecast."
These guys know new home sales!
$4.00 Gasoline Nationally
Fannie and Freddie: Single Family Delinquency Rate Increased in February
Fannie Mae Multi-Family Delinquency Rate Near Housing Bust High
calculatedrisk.substack.com/p/fannie-and...
When these guys say "slow spring selling season" that is based on feedback from builders.
We already know the existing home market is off to a slow start in 2026 (before the war).
Lawler: Update on GSEs
calculatedrisk.substack.com/p/lawler-upd...
Patrick De Haan
Michael Derby
Case-Shiller: National House Price Index Up 0.9% year-over-year in January
FHFA House Prices up 1.6% YoY in January
calculatedrisk.substack.com/p/case-shill...
