Zelman & Associates, a Walker & Dunlop Company, New York, released the results of its July homebuilding survey, finding that July’s seasonally-adjusted order pace fell to the lowest level since December 2022.
Tag: Homebuilders
Zonda Reports New Home Lots Significantly Undersupplied
The supply of single-family vacant developed lots has tightened, according to Zonda, Newport Beach, Calif.
Elevated Mortgage Rates Hammer Builder Confidence
Stubbornly high mortgage rates that have remained above 7% for the past two months are taking a heavy toll on builder confidence, as sentiment levels dropped in October to the lowest point since January.
Home Sellers Hold Upper Hand
Zillow, Seattle, said sellers expanded their advantage in July as market forces continued to work in their favor.