joining us now, redfin ceo, glenn kelman, always good to talk to you, glenn welcome!d to be here >> it's very confusing, what's happening in the market, it feels like things are warming up, but starts and permits were a miss >> well, demand is low, but inventory is even lower. so if you look at the home builder index of confidence, it's up a couple of points it's the seventh straight month of gains, so the builders are sitting pretty, because no one else wants to sell their home. no one else wants to give up a 3% mortgage. >> how long do you see that problem persisting as long as rates stay high >> yes, although there's some relief in sight, just because about a third of the market, 37.5% have adjustable rate mortgages, so those are going to reset in the next couple of years. you're going to start to see people move. there's also just a demographic bump that many millennials still want to buy a home i think they're frustrated by the supreme court decision on student loan repayments, but they've still got to find a place to live. >> diana olick noted that you guys rece

strategist barry bannister is with us >> home builder sentiment rises again in july, red fin's ceo glenn kelmanity check on the real estate market. later, is the ev revolution just an american phenomenon. are americans just not into electric mark fields coming up. >>> crossing the tape for us this morning, an upbeat surprise citigroup's economic surprise index hitting its highest level in two ears,