stuart: go to it, jim tobin. god speed. thanks, jim. see you soon. >> thanks, stu.number of homeless people. lauren, what number are we talking about? lauren: it's a sad story. more than 580,000 people as of last year. it's a record. it's rising. "the wall street journal" tried to figure out exactly how much this year already and they say 11%. so many factors behind this. you know, coming out of covid, evictions now, fentanyl and the opioid crisis and high cost of housing and hitting older americans more. homeless seen your citizens because they can't afford to live where they used to live. stuart: can't build new homes so you can't move up the housing stock so people have become homeless. it's a crazy situation. >> you've got a couple layers. on the wind hand there's the chronically severely mentally ill and that's one case and teen people choose to live on the streets because of subsidies and they're camping out and you have to deal with the problem in two different ways. one is the mental health crisis and the other is folks that feel like they want to live out t

coming up, jim tobin on the national association of homebuilders.g. ♪ >> i don't think this is the moment to declare victory. on the one hand you want to say core inflation is declining and we have economic growth, but we have 5.5 percent interest rates and close to 6% gdp. that is not a soft landing economy, that is a no landing economy, an celebrating economy. matt: that was anastasia and barroso, chief investment strategist at i capital talk about the economy. we have fascinating news on the u.s. economy yesterday in terms of housing when we saw new home sales rise. we expected a rise but they were even higher than expected. 4.4% month on month so a really strong picture for the new stuff because there's not enough of the used stuff. jim tobin, president and ceo of the national association of homebuilders joins us now. jim, the homebuilders have been on fire in terms of the stocks this year and, as long as people with 3% mortgages are not willing to get out of those and go to 7%, which obviously they are not going to, new homes are the only game