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%. In our estimation, builders should be prepared for a sales contraction of 30% to 50%, with selling prices declining between 15% to 20%, which aligns with plans among many of the builders in our networks.
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