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Here’s what we’ve got for you today:

1. Builders begin focusing on entry-level homes 🎥

2. Big News Weeks on Horizon 🌅

By the way, this article on - Housing Bubble? - is the most clicked link in this newsletter, you should check it out if you are interested.

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Rates Today 📉

Builders begin focusing on entry-level homes 🎥

Danielle Hale, chief economist at Realtor.com, discussed the housing market on CNBC.

She highlights in the interview that, this spring, builders have been primarily focused on entry-level housing supply - where the demand is at its highest.

However, many of these new builds are still under construction and will be for some time. For potential buyers at this price point, patience will be key as builders attempt to fill the need.

Why are builders focusing on entry-level? As Danielle says, “Affordability just isn’t there for buyers”. With interest rates remaining above 7%, the monthly payments price out many potential buyers.

Check out the full interview below:

Big News Weeks on Horizon 📢

While the beginning of this news week is slow, there are some significant pieces of economic data coming down the pipe. Here is what to look out for over the next two weeks:

1. Wednesday (9/13): Core CPI for Aug

   This will be one of the biggest market movers this month coming exactly one week before the September Fed meeting

2. Thursday (9/14): Jobless Claims & Retail Sales

   A twofer for the people, Jobless Claims will give us data on the labor market and Retail Sales will give us insight on consumer spending.

3. Tuesday (9/19): Housing Starts

   We know inventory is an issue - housing starts will give us insight on future inventory from home builders

4. Wednesday (9/20): FED MEETING 🎉

   Not only will we have the Fed rate decision, but we will also have the FOMC Economic Projections. This will give us new data and clarity on the Fed’s plan of action for the remainder of the year.

Buckle up 😎

The Cul-de-Sac

Thanks for reading - that is all we have for today 😎

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— Michael F DiLucchio