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Homebuilder confidence falls amid high rates

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National Association Of Home Builders News

Mortgage Rates,NAHB,Interest Rate Environment

The persistent rise in mortgage rates has cast a shadow over the housing market. A recent report from the National Association of Home Builders (NAHB...

has cast a shadow over the housing market . A recent report from the National Association of Home Builders revealed that the index that tracks homebuilder confidence plunged 6 points in May — suggesting that homebuilders currently perceive the conditions for building as unfavorable in this higher-for-longer interest rate environment.According to Freddie Mac, high rates and high home prices are weighing on buyers and builders here.

Another thing that was interesting was 59% of builders uh used incentives to also move some sales and inventory around Brad.Brad shelter disinflation is on track according to experts and there are two points in the April's inflation report that really highlight this first is rent came in at 0.3% month over month.

Warren Buffett is hoarding $200 billion as he may see 'storm clouds' ahead, says top economist Steve Hanke

Source: News Formal (newsformal.com)

Mortgage Rates NAHB Interest Rate Environment Housing Market

 

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