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Homebuilders warn of US housing slowdown as mortgage rates top 7%

Original: Homebuilders Sound Alarm on US Housing Slowdown as Mortgage Rates Top 7% — KBH, LEN Warn Conditions Have

Major US homebuilders, including KB Home and Lennar, are warning that housing market conditions are deteriorating as 30-year mortgage rates climb above 7%. The builders say elevated borrowing costs are cooling buyer demand and squeezing sales, raising concerns about a broader slowdown in residential construction and home sales across the United States.

Why now: Mortgage rates exceeding 7% have reignited worries about housing affordability and a potential slowdown.

KB HomeLennarUS housing market

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Evidence

• Homebuilders Sound Alarm on US Housing Slowdown as Mortgage Rates Top 7% — KBH, LEN Warn Conditions Have · Benzinga

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