Fed's Bowman Says Pandemic-Related Surge Of Homebuilding And Renovation Has Moderated, But Important To Understand Long-Term Impact On Family Formation, Housing Demand
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Michelle Bowman stated that the pandemic-related surge in homebuilding and renovation has moderated, but it is crucial to understand the long-term impact on family formation and housing demand.
May 31, 2023 | 12:53 pm
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The pandemic-related surge in homebuilding and renovation has moderated, according to Federal Reserve Governor Michelle Bowman, which may affect the housing sector within the S&P 500.
The statement by Federal Reserve Governor Michelle Bowman indicates that the surge in homebuilding and renovation has moderated, which may have an indirect impact on the housing sector within the S&P 500. However, the long-term effects on family formation and housing demand are still uncertain, making it difficult to predict the exact impact on the SPY ETF.
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