Homebuilders are seeing better demand despite stubbornly high interest rates.
U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates.
"Buyer demand remains brisk and we expect more consumers to jump off the sidelines and into the marketplace if mortgage rates continue to fall later this year," said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kansas."But even though there is strong pent-up demand, builders continue to face several supply-side challenges, including a scarcity of buildable lots and skilled labor, and new restrictive codes that continue to increase the cost of building homes.
The best time to sell your home — in 2023, listings in this period sold for $7,700 more, research finds
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This Software Startup Raised $53 Million To Save Homebuilders Time And MoneyI'm a senior editor at Forbes, covering industrial innovation and climate-oriented technology. I also co-author the Current Climate newsletter and edit the Next Billion-Dollar Startups list. Before rejoining Forbes in 2016, I was a senior writer or staff writer at BusinessWeek, Money and the New York Daily News.
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