In a noteworthy development in the housing market, both single-family permits and 5-unit permits have witnessed a decline in trend simultaneously, marking a significant shift from previous years. This shift is indicative of a broader slowdown in the housing sector and could have potential implications for the mortgage industry moving forward.
Key points:
– Single-family permits and 5-unit permits experiencing a downward trend together
– Signifies a change from the trend observed since 2022
– Indicates a potential slowdown in the housing market
– Implications for the mortgage industry to be monitored closely
– The impact of this trend on future housing developments and mortgage lending activities remains uncertain. Industry experts will be closely monitoring the situation to assess any potential ripple effects in the market.
You can read this full article at: https://www.housingwire.com/articles/higher-rates-are-impacting-future-housing-production/(subscription required)
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