In the mortgage industry, builders are facing challenges as consumer mortgage rates remain high, alongside increased rates for construction and development loans. This combination is causing difficulties for builders as they struggle to navigate these elevated costs in the current market.
Key Points:
– Builders are citing elevated consumer mortgage rates as a primary source of woes
– Higher rates for construction and development loans are also contributing to challenges in the industry
– These increased costs are impacting builders ability to effectively operate and succeed in the market
You can read this full article at: https://www.housingwire.com/articles/homebuilder-confidence-falls-for-the-third-consecutive-month/(subscription required)
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