October 2023 Housing Market: Declining Inventory and Home Builder Sentiment Plymouth Title Guaranty Corporation

October 2023 Housing Market: Declining Inventory and Home Builder Sentiment

The October 2023 Housing Market in the U.S. presented a complex landscape of high mortgage rates intertwined with a fluctuating economy, creating a scenario of contradictions. While there was a slight uptick in single-family housing starts and permits, indicating a possibility for future construction expansion, the overall market dynamics continued to exhibit inconsistency. Housing Inventory […]

home builder sentiment declines tenth month row plymouth title guaranty corporation featured

Home Builder Sentiment Declines for Tenth Month in a Row

As mortgage rates to 20-year highs, home builder sentiment declined for the tenth month in a row. Similarly existing home sales fell for the eighth straight month. Further complicating the real estate market, housing inventory presents an ongoing barrier to prospective home sales activity. Despite the longstanding challenge, new construction remains slow. NAHB Survey Indicates […]