As mortgage rates continue to rise, industry experts were anticipating potential impacts on the housing market. Today’s housing starts report was expected to show the last decent print before higher rates affected builders, but the results were disappointing. Despite recent positive builder confidence data for the new home sector, concerns are mounting as the market adjusts to the changing interest rate environment.
Key elements from the text include:
– Mortgage rates have recently increased
– Anticipation of negative impacts on builders
– Disappointment in the latest housing starts report
– Previous positive builder confidence data for new home sector
– Market adjustments to higher interest rates are a growing concern
You can read this full article at: https://www.housingwire.com/articles/the-feds-monetary-policy-is-stifling-new-construction/(subscription required)
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