NBC Nightly News seemed to have discovered that the U.S. is in a “housing recession” under President Joe Biden on Aug. 18, after MRC Business ripped the network for initially ignoring the story. CNBC on Aug. 15 reported that The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index “dropped 6 points in August to 49” for its eighth consecutive monthly decline. Anything below a 50 is considered negative. NAHB Chief Economist Robert Dietz said in a statement obtained by CNBC that “‘[t]ighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing...
