In a recent statement, NAHB Chairman Carl Harris highlighted the impact of persistently high mortgage rates on potential homebuyers, noting that many are choosing to remain on the sidelines. This trend signals a challenging environment for the real estate market as buyer confidence wavers.

Key points from the article include:
– NAHB Chairman Carl Harris expressing concern over high mortgage rates
– Many potential buyers opting to delay purchases due to current rates
– Builder confidence dropping to a 6-month low, indicating a challenging market environment
– For further details, please visit Weekly Real Estate News for the full article.

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