Tag Archives: expectations

Homebuilders’ sales expectations drop dramatically, as mortgage rates soar

A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Rising mortgage rates are starting to take their toll on the nation’s homebuilders, who are more concerned about affordability heading into the […]