Labor, Land, and Rising Costs Push Builder Confidence to 3 Year Lows
Builder sentiment took a meaningful step backward in September, with higher mortgage rates, rising construction costs and worsening labor shortages weighing on the market for newly built homes. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell three points
Refi Demand Falls, But Still Higher Than Early 2025 Levels
Mortgage application activity weakened again last week, with higher mortgage rates weighing on both purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 4.1% decrease in total application volume on a seasonally adjusted basis for the week ending September 11. The results
Lennar defends even-flow, land banking strategy as risks build
Miller said nearly 50% of visitors cannot immediately qualify, as CPI ran 3.4% and the Fed lifted rates to 3.75% to 4%
Pamela Heman
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