Currently Reading

Top U.S. Home Builders Report Strong Sales Despite Rising Mortgage Rates

Advertisement
Market Data + Trends

Top U.S. Home Builders Report Strong Sales Despite Rising Mortgage Rates

After years of fierce competition for limited housing supply, elevated interest rates may not be enough to cool off a red-hot housing market


May 5, 2022
New home framing
Image: Stock.adobe.com

Though some housing experts anticipate a market slowdown in response to elevated mortgage rates, the nation’s largest home builders are still reporting strong sales and resilience from impatient and determined buyers. Much like the nation’s top builder, D.R. Horton, Pulte, the third largest, is limiting sales to keep a healthy pace with heightened demand despite recent price hikes.

According to ForexLive, a supply and demand imbalance is sustaining home building activity in the midst of an affordability crisis. Even as mortgage rates reach new highs, a lack of available housing inventory is driving up demand and keeping home builders busy in every regional market.

According to Pulte:

"The demand that we saw in the first quarter was exceptionally strong, and that's continued into April."

"I think it's fair to say that the supply/demand dynamics of the first quarter were consistent with the trends the industry has been experiencing for the past year or more. In short, demand was strong, available inventory was scarce and the incoming supply is limited.”

Read more

Related Stories

Housing Markets

Texas Is Home to More Than One Overvalued Metro

The 2008 housing bubble missed Texas, but the popular Sun Belt state is now home to some of the priciest regional markets in the nation

Market Data + Trends

Housing Inventory Is Falling at Its Slowest Pace in Two Years

April for-sale housing inventory fell at a single-digit year-over-year pace for the first time since the start of the pandemic

Economics

Lessons Learned From a Decade of Home-Price Inflation

Years of endless supply constraints are leaving their mark on the U.S. economy, and the housing market is taking the biggest hit

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.