What is happening with homebuilders and the new home sales sector as we head into the spring housing market? We have had some conflicting data points recently. On the one hand, cancelation rates have been rising. On the other hand, mortgage rates have gone down more than 1% since Oct. 20, 2022.
The builders’ stock prices have done well as mortgage rates have fallen, and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products.
The builders sell details ⇒
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