Builders are facing an unprecedented surplus of newly completed homes, with inventory levels not seen since the aftermath of the financial crisis in 2009.
Despite the high level of completed homes, many may remain unsold to regular buyers due to historically high prices and rising mortgage rates.
As affordability issues persist, builders are finding alternative avenues such as converting homes to rentals to mitigate losses in a tough sales market.
The current market offers builders some breathing room because the rental demand allows them to pivot from sales to leasing, but buyers feel the pinch.
Collection
[
|
...
]