Housing market enters recession territory. Here’s what that means

Source: Deseret News — 

If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more.

Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox Business’ “Varney & Co.” of a “tough time” ahead for home builders as data continues to show the national housing market slowing down.