National Association of Home Builders’ Post

Generationally-high mortgage rates and record home prices have depressed home buyer demand, sending home builder confidence to its lowest level in six months, as the NAHB/Wells Fargo Housing Market Index fell to 42 in July. https://lnkd.in/e9QzS-3G #economy #housing

High Mortgage Rates Continue to Hold Back Builder Confidence

High Mortgage Rates Continue to Hold Back Builder Confidence

nahb.org

Challenging times for home builders with these high mortgage rates and home prices. Thanks for sharing the update!

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It seems a lot more positive in the Phoenix metro area!

That makes sense that buyers aren't buying right now.

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Alesha Hamlin Kipp

Efficient Escrow Assistant/Funder at Royal Title | Dedicated to Streamlined Transactions and Client Satisfaction

2mo

Good point!

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Gagandeep Chahal

Real Estate Agent at Royal Lepage Prime

2mo

True

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