Fantasyland, The Perfect Storm, Window Closing 9/18/23
The Exchange
00:00
Impact of Higher Mortgage Rates on Builder Sentiment
This chapter discusses how higher mortgage rates have negatively impacted builder sentiment, causing it to fall to its lowest level in seven months. Builders are resorting to incentives like price cuts due to the high rates. Despite the drop in sentiment, builders are benefiting from a low supply of existing homes.
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