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) 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.
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Rates you’re only going higher and construction is dying as it has been for decades
This video report is the opposite of what Toll Brothers has been saying – I guess they’re better positioned
This is to be expected. Rates are not coming down anytime soon.