The impacts of Brexit – the United Kingdom’s recent departure from the European Union – have been felt in countries and industries worldwide.
Uncertainty abounds regarding the gravity of the move, generating countless questions about the financial, economic and political implications.
In a recent EyeOnHousing article, NAHB Chief Economist Robert Dietz explains several possible effects of the U.K. shakeout, including how it may influence home building activity in the United States as well as the United Kingdom.
Some of the common concerns Dietz addresses include:
- How close are we to a financial crisis?
- Will prices drop on imported building materials?
- Is the Federal Reserve now less likely to raise rates in July?
- What will be the short- and long-term impacts on the stock markets?