The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- Peak US economic growth is projected in the second quarter of 2021 (+9.2 percent vs. the second quarter of 2020); 2–3 percent growth is expected in 2022 as the pandemic subsides.
- Housing starts in the United States increased by 6% in June compared to the previous year, but building permits declined by 5% due to rising costs and shortages.
- The federal ban on mortgage foreclosures ends July 31 or Sept. 30, affecting nearly 2 million households; mortgages may be restructured to lower payments.
- According to a US energy official, the US has to spend $1 trillion per year on climate change mitigation (up from $200 billion today) in order to fulfill 2035 and 2050 clean energy targets.
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