https://eyeonhousing.org/2023/10/mortgage-rates-well-above-7-continue-to-hammer-builder-confidence/ National Association of Home Builders Discusses Economics and Housing Policy Mon, 27 Nov 2023 17:22:55 +0000 hourly 1 https://eyeonhousing.org/2023/10/mortgage-rates-well-above-7-continue-to-hammer-builder-confidence/#comment-2224825 Mon, 27 Nov 2023 17:22:55 +0000 https://eyeonhousing.org/?p=34141#comment-2224825 Elevated rates can deter potential homebuyers, reducing demand for new construction projects. Builders seeking construction loans might face challenges in securing financing for their projects due to decreased market demand and buyer confidence. Lenders could respond cautiously, affecting the availability and terms of construction loans in response to the challenging interest rate environment.

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