Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about jobs, retail and builder sentiment. Today’s article is from CNBC.com “retail sales grow .4% in September, better than expected; jobless claims dip” but while there is .4% growth that is probably due to the inflation in prices when retail sales get stagnant recession follows. Secondly, jobless claims are down for now, but we will see what the future brings. And finally, builders have a lot of confidence 62% of homes sold currently have concessions finishing 2024. They have high expectations for 2025 homes sales. NAHB “Builder confidence edges higher despite affordability headwinds.” Their confidence points to the easing Fed rates, and demand. The combination of these three things are all indicators for our industry as things normalize. Listen in as we discuss this and more!

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