Reported 3 days ago
Homebuilders are experiencing a challenging spring selling season as high mortgage rates and tariff uncertainties dampen demand. KB Home reported a significant drop in net orders, leading them to lower sales forecasts for 2025. Despite a slight rebound in new home sales in February, the overall outlook remains uncertain, with pressures from ongoing tariff impacts and a cautious buyer sentiment. Lennar and other builders are also adjusting to the market dynamics, highlighting the need for potential shifts in pricing and home specifications to keep demand afloat.
Source: YAHOO