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Aug 18, 20232 min readHomebuilder sentiment drops sharply, as mortgage rates surge over 7%Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market.
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Sep 9, 20222 min readUS New-Home Sales Plummet to Slowest Pace Since Early 2016Purchases dropped 12.6% in July, sixth decline this year. Homes available for sale rose to highest level since 2008.
Jul 27, 20222 min readBuilder Confidence Plunges on Rising Interest Rates, Growing Affordability WoesHousing leads the business cycle and housing is slowing
Apr 4, 20222 min readPending home sales sink in February, setting a grim tone as housing market enters key spring seasonThe jump in mortgage rates could not come at a worse time, as spring is historically the busiest season for the housing market.