Alarm Bells, Too Much Credit, Health of Housing 7/19/23
The Exchange
00:00
The Ups and Downs of the Mortgage Market
Builders said in the sentiment report yesterday that they were still getting strong demand due to low resale supply, but they're up against higher mortgage rates and higher costs for materials. Lumber futures are up just over 12% since May, and that is partly due to the Canadian wildfires and slower deliveries of lumber. Single family building permits were slightly higher from May, but down 3% year over year.
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