FreightWaves Staff
Monday, August 27, 2018
Weakness abounds in the housing market as building, sales have stalled
A package of weak data on both housing starts and home purchases indicates that housing and construction remains one of the few areas of weakness in the economy in the 3rd quarter. This has put some downward pressure on freight demand, as the movement of building materials, furniture, and appliances is influenced by the strength of the housing market.