Advice for Home Builders Navigating a Market in Flux
Pro Builder
JANUARY 31, 2023
This wave of housing demand began in the second half of 2019, when the 30-year mortgage interest rate dropped to historical lows under 4%. Private builders are currently experiencing 40% to 50% declines in traffic and sales, and inventories are 21.3% We see builders beginning to pull back on starts to control expanding inventories.
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