Why the U.S. Housing Market Keeps Surging

Despite an increase in the average 30-year fixed mortgage rate, the U.S. housing market continues to experience strong demand. New home sales are holding just off a 14-year high, while new housing starts are at a 15-year high. What’s behind the surge? Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights