REAL ESTATE JERKY DAILY

Slower Job Growth, Lower Oil, and the Mortgage Market Waiting Game

June 16, 2026 · 07:51

Housing starts fell sharply in May, dropping to their lowest annualized pace since 2020. What could that mean for housing supply, home prices, buyer competition, and mortgage rates? In this episode of Real Estate Jerky Daily, Ed Parcaut breaks down the latest housing construction and employment reports. Building permits came in near expectations at approximately 1.4 million annualized units, but housing starts fell roughly 15% to an annualized pace near 1.18 million. Ed explains that the country needs significantly more new homes each year to keep up with household formation and population growth. When construction slows, fewer new homes reac