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  "documentTitle": "us executive macroeconomic briefing february 20240223",
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      "text": "1. The NAHB Housing Market Index is a gauge of builder opinion on the relative level of current and future single-family home sales. Source: Mortgage Bankers Association; US Census Bureau; National Association of Realtors; EY-Parthenon",
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      "text": "While recent declines in Treasury yields will put some downward pressure on mortgage rates, they remain historically elevated. Against this backdrop, the slowdown in home prices should intensify.",
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      "text": "The housing market remains under pressure even though recent data point to some stabilization in activity. The National Association of Home Buildings (NAHB)/Wells Fargo Housing Market Index (HMI) continued to recover in March.",
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