General World News

Are higher rates finally impacting homebuilders?

Have homebuilders reached their limit on how much they can lower mortgage rates to boost demand? Today we got the housing starts data, which was a beat of estimates, but total housing activity isn’t booming here.

I firmly believe that the builders can’t solve the housing inventory situation when it comes to single-family units because they will simply not provide enough. As shown below, we currently have only 72,000 new homes for sale.

This data is returning to more normal levels, but even during the worst days of the housing bubble crash, we never got to 200,000 details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com