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Stories Tagged as

Homebuilders

What cheaper lumber means for the housing market

by Meghan McCarty Carino
Sep 27, 2022
Lumber is about as cheap as it was before the pandemic, a sign of the slowing housing market. But savings are offset by rising financing costs.
Even though lumber prices have eased, financing for builders and buyers has become costlier.
Frederic J. Brown/AFP via Getty Images
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Some homebuilders are dropping prices as mortgage rates rise, economist says

by Amy Scott , Richard Cunningham and Sean McHenry
Jul 14, 2022
People "desperately want to purchase," but are stepping out of the difficult market, says Ali Wolf, chief economist at Zonda.
"It's a very tricky thing because the builders are trying to drum up demand, while also trying to keep their buyers in backlog — those that have already signed a contract — happy," says Ali Wolf, chief economist at Zonda.
Chris Delmas/AFP via Getty Images
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