Tag Archives: Homebuilder sentiment

After weeks of rising mortgage rates, continued economic unpredictability has driven rates down slightly this week, as homebuilder sentiment hit its lowest level in 24 months.

Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.

Continued shortages in building materials, labor, and land contributed to a monthly decline in October new housing starts.