US homebuilder confidence has dipped to its lowest point since December 2023, with the single-family homes index registering a reading of 42 for July. The...
, with the single-family homes index registering a reading of 42 for July. The National Association of Home Builders CEO Jim Tobin joins Wealth! to share his outlook on the housing market.
Take us into what's, what's driving this decline that we've seen and as we mentioned, lowest level that we've seen since December of 2023.But why now during which should be one of the home buying months here over the summer, we, we've erased all of our gains from the second half, the first half of this year.That's really what the shame of the last two months have been, really what's driving his interest rates, uh interest rates continue to be stubbornly high.
One of the lifeblood of home building is AD and C lending acquisition development and construction lending.That's where we're gonna see a commensurate lowering of those construction loading rates as well. Uh We in, in Quarterlane, Idaho, Austin was one of the hottest markets in the country those have cooled down as you would imagine.
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