Housing inventory’s piling up, but home sales just hit their slowest pace in 16 years.
Warning sign #1: A 5% drop in home prices could seriously hit consumer spending.
Warning sign #2: Falling housing investment slows construction, dragging down the economy’s growth.
Warning sign #3: Fewer houses sold means less construction jobs—labor market feels the squeeze.
Economists don’t expect a recession yet, but these signs keep the risk on watch.
