The slight monthly boost comes as builders continue to face cooled buyer demand in response to elevated mortgage rates and high home prices. Housing starts and completions are not on track to meet national inventory needs this year with builder sentiment low.
Source: Inman News
‘Construction is in a funk’: Homebuilding improves, but inventory issues remain
Published in 30-year fixed mortgage rates, affordable housing, Agent, building permits, Department of Housing and Urban Development (HUD), first american, Heather Long, home construction, home sales, homebuilding, housing completions, housing market, housing permits, housing starts, inman, Lillian Dickerson, Markets & Economy, mortgage rates, nahb, national association of home builders, Navy Federal Credit Union, new construction, News Brief, Odeta Kushi, Select, single-family homes, U.S. Census Bureau and U.S. Department of Housing and Urban Development
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