✉news BusinessReal Estate first seen 7 h ago, last 7 h ago, peak #33
Homebuilders Warn of US Housing Slowdown as Rates Top 7%
Original: Homebuilders Sound Alarm on US Housing Slowdown as Mortgage Rates Top 7% — KBH, LEN Warn Conditions Have ‘Deteriorated’
Major US homebuilders, including KB Home and Lennar, are warning that housing market conditions have deteriorated as mortgage rates climb above 7%. The companies are flagging weakening demand and a broader slowdown in home sales, raising concerns about the outlook for the housing sector and the wider economy.
Why now: Mortgage rates exceeding 7% are squeezing affordability, and warnings from major builders signal a worsening housing slowdown investors are watching closely.
KB HomeLennarUS housing market
Evidence
- Homebuilders Sound Alarm on US Housing Slowdown as Mortgage Rates Top 7% — KBH, LEN Warn Conditions Have ‘Deteriorated’ · Yahoo Finance
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