Kevin Hassett on housing market: We expect the Fed will catch up to the data soon

you're right uh to point to the one thing if you look in the numbers one of the points of weakness of the numbers was construction spending and it was construction pretty much all all around and I think that a huge amount of it was related to people waiting for the passage of the big beautiful bill uh the bottom line is that if you're building multif family uh housing uh then you're going to get a much better depreciation if you're building a factory you're getting 100% expensing and so there's a lot of rea ...