On today’s Hot Sheet, Byron Lazine unpacked President Trump’s Truth Social proposal to direct $200B into mortgage bonds, using cash at Fannie Mae and Freddie Mac to push rates lower, unpacking a ResiClub report on the president’s newest initiative.
He also broke down the December jobs report (U.S. Bureau of Labor Statistics) which showed payrolls up 50,000, unemployment holding at 4.4%, and wages rising 3.8% to $37.02.
To wrap up, he reviewed October construction data (U.S. Census Bureau) with permits at 1,412,000, starts at 1,246,000, and single-family activity still posting month-over-month gains despite starts running 7.8% lower than a year ago.
