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Large US homebuilders raise prices as existing home supply remains tight

Publicly listed U.S. homebuilders are raising prices on new construction, taking advantage of an acute shortage of previously owned homes in the market as owners defer upgrading due to high mortgage rates. Homebuilders are enjoying this turn of events after a gnarly second-half last year, when fears of rising interest rates slowing demand had forced them to cut prices and offer incentives to boost sales. The shortages have powered homebuilders' earnings, sending their stocks soaring, with...
Carl Reichardt Shinjini Ganguli James Egan Ananta Agarwal Matthew Bouley National Association Of Realtors
Source: yahoo.com

Large US homebuilders raise prices as existing home supply remains tight

Publicly listed U.S. homebuilders are raising prices on new construction, taking advantage of an acute shortage of previously owned homes in the market as owners defer upgrading due to high mortgage rates. Homebuilders are enjoying this turn of events after a gnarly second-half last year, when fears of rising interest rates slowing demand had forced them to cut prices and offer incentives to boost sales. The shortages have powered homebuilders' earnings, sending their stocks soaring, with t...
Shinjini Ganguli Carl Reichardt James Egan Matthew Bouley Ananta Agarwal National Association Of Realtors
Source: aol.com

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