Mortgage rate buydowns, smaller homes, and fewer specifications are a few ways builders are adjusting practices to help cost-conscious buyers with interest rates above 7%.
The new-home market continues to benefit from limited resale inventory due to high mortgage rates, while the strength of the employment market and continued elevated inflation mean further activity from the Federal Reserve is likely.
Zonda’s Tim Sullivan wraps up the key points discussed by the country’s top builders as they look to the future.
While activity has settled from the busier pace in the first two months of the year, housing sales activity is largely outperforming pre-pandemic levels as buyers continue to return to the market.
Zonda’s Tim Sullivan looks back on the three-day event, which brought together more than 400 building professionals to assess the state of the industry.
