Andrew Hanlan
Andrew Hanlan
drag economy half housing outlook second switch turn
It's significant for the outlook for the economy if housing approvals turn the corner. In the second half of the year, housing will switch from being a drag on the economy to a positive.
environment given guess inflation surprise
I guess the big surprise is that inflation isn't higher, given the environment that we're in.
along bouncing change five last virtually
This suggests that approvals are bouncing along the bottom, with virtually no change over the last five months.