Builders are thriving due to living in a sub 6% mortgage rate world, unlike existing home sales in a 7%-plus rate world, impacting builders' confidence. Higher rates could affect new home sales negatively in the future.
Builders will need to adapt pricing and rate buydowns if mortgage rates continue to rise to prevent a significant drop in home sales. Single-family permits and housing starts are already showing potential impacts.
[
add
]
[
|
|
...
]