Owing to an upward march in prices and rates, housing affordability is as poor as it’s been since the housing crisis and down payments are at record levels. But there are many differences between this housing market and the market of ‘07/’08, particularly on the supply side. And that dearth of supply along with a reluctance to move into a higher mortgage rate could convince many to stay put and to upgrade their existing home instead, boosting home improvement demand. Meanwhile, home furnishings demand may be less persistent and could suffer as stimulus is lapped, there’s payback from demand pull-forward, and renters get squeezed by climbing monthly payments. Joining us to discuss these issues and more are BofA Global Research analysts Rafe Jadrosich, who covers homebuilders, Curtis Nagle, who covers home furnishings as well as real estate fintech and Elizabeth Suzuki who covers home improvement and other hardline retailers

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