Builder confidence unexpectedly dropped for first time this year.
What is the current state of the housing market? Lawrence Yun with the National Association of Realtors joined LiveNOW from FOX's Josh Breslow to discuss the latest.unexpectedly plunged in August for the first time this year as a spike in mortgage rates dampened consumer demand for new homes.
The National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of thePrior to this month, sentiment among builders had been steadily rising as limited resale inventory pushed would-be buyers to seek out new construction instead. Workers attach siding to a house at a new home construction site in Trappe, Maryland, on October 28, 2022.
The shortage of available homes began because sellers who locked in a low mortgage rate before the pandemic began have been reluctant to sell with rates continuing to hover near a two-decade-high, leaving few options for buyers. A recent report from Realtor.com showed that the number of available homes on the market in June was down more than 47% from the typical amount before the
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
SEC won the Ripple lawsuit on the law and lost on the facts: XRPL Layer 2 builderRipple and its executives Brad Garlinghouse (CEO) and Chris Larsen (Co-founder and Executive Chairman) have opposed the Securities & Exchange Commissi
Baca lebih lajut »
Zenvo's Aurora twins show up at Monterey with stunning V12 motorsThe Zenvo Aurora has arrived at Monterey Car Week, and it’s being offered in two supercar flavors by the Danish car builder.
Baca lebih lajut »
Hasbro Reveals Marvel Legends S.H.I.E.L.D. and Hydra Trooper 2-PackA new army builder exclusive Marvel Legends set is on the way from Hasbro has fans get the best of both worlds with SHIELD and Hydra
Baca lebih lajut »
ANALYSIS: China Turns to Well-Honed Playbook: Cut Rates, Hide DataChina’s authorities responded to another burst of dire news on the economy with a well-honed playbook: They cut interest rates and withheld som...
Baca lebih lajut »
Russian central bank jacks up interest rates to 12% at emergency meeting after ruble plungeRussia's central bank on Tuesday hiked interest rates by 350 points to 12% at an emergency meeting, as Moscow looks to halt a rapid depreciation of the ruble currency.
Baca lebih lajut »
Higher-for-longer rates regime pressures US recession tradesBond investors who had positioned portfolios defensively in anticipation of a U.S. recession are adjusting their strategies for a surprisingly resilient economy that will likely keep interest rates higher, longer than they had expected.
Baca lebih lajut »