Crosscurrents in Trade and Housing: Navigating a Shifting U.S. Economic Landscape

To help investors assess the evolving risks and opportunities in U.S. housing, trade, and services, Northern Trust's latest report explores structural frictions, China’s shipping dominance, and emerging tariff challenges.

• U.S. housing faces deep supply constraints, with builder sentiment at a 10-year low and multifamily development subdued by credit tightening.

• Structural hurdles, including permitting regulations and cost uncertainties, are hindering new construction.

• The U.S. mortgage system remains heavily reliant on GSEs, with privatization plans complicated by fiscal and political dynamics.

Access the full report and gain deeper insight into these macroeconomic forces shaping markets and policy.