https://eyeonhousing.org/2023/09/new-home-sales-weaken-in-august-on-higher-mortgage-rates/ National Association of Home Builders Discusses Economics and Housing Policy Fri, 27 Oct 2023 17:54:57 +0000 hourly 1 https://eyeonhousing.org/2023/09/new-home-sales-weaken-in-august-on-higher-mortgage-rates/#comment-2211707 Fri, 27 Oct 2023 17:54:57 +0000 https://eyeonhousing.org/?p=34061#comment-2211707 The decline in new home sales due to higher mortgage rates, as outlined in the article, emphasizes the sensitivity of the housing market to financial factors. For individuals seeking construction loans, this situation underscores the importance of timing and interest rates. Prospective homeowners might consider locking in construction loan rates promptly to secure more favorable terms amidst fluctuating mortgage rates, ensuring their projects remain financially viable despite market uncertainties.

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