Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wild card

The average long-term U.S. mortgage rate rose this week for the third time in as many weeks, driving up home loan borrowing costs just as the spring homebuying season ramps up.

Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from a year earlier, according to the Commerce Department. This bucked the trajectory of the broader housing market, which remained mired in a deep slump as sales of previously occupied U.S. ho…

Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard - The Morning Sun

LOS ANGELES (AP) — Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from a year earlier, according to the Commerce Department. This bucked the trajectory of the broader housing market, which remained mired in a deep slump as sales of previou…