Reported 11 days ago
October's Consumer Price Index data indicates rising inflation, which poses challenges for homebuilders facing increased material costs and housing prices. Despite these pressures, optimism in the sector is strong, with predictions of 8% growth in consumer spending for 2025. Bill Darcy, CEO of the National Kitchen & Bath Association, notes that homeowners continue to prioritize spending on homes amid inflation uncertainties, hinting at increased activity in new home construction as interest rates stabilize around 5%.
Source: YAHOO