Report
US: green shoots in the residential sector
To predict future US domestic demand trends, the residential construction sector has proven a highly reliable barometer, far better than the industrial sector. Since early 2018, this sector has gone into decline due to the sharp increase in borrowing rates and, as a secondary factor, the rise in property levies following the tax reform. In recent months, interest rates have fallen in tandem with the Fed’s U-turn. Activity data are starting to respond. The recovery in the real est...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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