The Housing Market Is Slowing. Just Look at Lumber Prices.
Text size Home builders are seeing more cancellations following the sharp rise in mortgage interest rates. Justin Sullivan/Getty Images Lumber prices have dropped by more...
Housing Bubble Getting Ready to Pop: Traffic of Prospective Buyers of New Houses Plunges, Homebuilders Cut Prices, Sentiment Dives
Homebuilder stocks have been wobbling lower all year, now down between 24% and 40%. By Wolf Richter for WOLF STREET. Homebuilders have struggled for well over a year...
“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike
Homebuilder sentiment dives 8th month in a row, their stocks are down 19% to 36% YTD despite blistering summer rally. By Wolf Richter for WOLF STREET. “Tighter monetary...