Mortgage rates have declined for the third consecutive week, dropping to 6.87%. This trend coincides with a significant slowdown in housing starts and...
National Association of Home Builders CEO Jim Tobin joins Market Domination to provide his outlook on the housing sector.
This as we also got numbers on housing starts and building permits, both of them slumping unexpectedly in particular starts, uh, falling to the slowest paced in four years. Uh, but we're we're looking to be, you know, in the high sixes by the end of this year, and then when we get into 2025 we can further retreat into the into the sixes.And then really, when we flip over into the five, I think that's where you're going to see demand, especially in the existing market, where that's going to really open back up.I mean, we've had the discussion before.
I'm also curious about the supply side of the equation in terms of their supply chain, not just with stuff but with labour, right? So what's your priority, then what would you I mean, what would an ideal forget about what's going on in Washington on the political side.We want people who want to work in the construction industry to have a visa that allows them to work in our industry just like they can work in the seasonal market.
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