Builders Say They’re Ready for This Housing Slowdown. ‘I’ve Learned My Lesson.’

Wall Street Journal, Oct. 24, 2022–Nicole Friedman (subscription)
After a pandemic-fueled buying spree that unleashed the most powerful U.S. housing boom in 15 years, demand has plummeted as mortgage rates have risen. Finished homes are sitting on the market, hundreds of thousands of new ones are expected to be completed in the coming months, and many builders are cutting prices.