Is This a Silver Lining?

I think what we're seeing is interest rates just don't feel normalized yet. It's still changing all the time, and until it sits constant for a little bit, people aren't going to move forward because there's so much change. I think if interest rates level out for any sustainable period of time, then you'll start to see a little more moving in the housing market. Yeah. We are always looking at whether or not it makes sense for us to deploy more capital into more and more projects. And this provides us at least some reprieve with respect to what we could see in the next six months," he said.

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