Single-family construction is getting worse due to rates
Thanks to Fed policy, data on single-family construction is not improving; in fact, it is getting worse.
Housing Starts
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Rising mortgage rates zap builder confidence
The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow.
The election is over, but mortgage rates have yet to change course
The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty tied to the election is fading.