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ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
Another inflationary warning is imminent as consumer demand drops and high inventory strains warehouse capacity in the US.
ESA Car Keys | During 2022, Tesla earned profits of $12.6B on revenues of $81.5B, making the automaker more profitable than GM and Ford combined.
After several years of double-digit growth, the home improvement sector will cool in 2023 on recessionary concerns and a slow housing market.