Reported about 2 months ago
Homebuilders have enjoyed a favorable market due to a shortage of housing supply since the pandemic, but this advantage is diminishing as inventories of new and existing homes are increasing. Companies like Meritage Homes and Toll Brothers are starting to see a rise in competition and a decline in order counts as buyer hesitancy persists, even amidst lower mortgage rates. This shift may indicate a transition from a seller's market to a buyer's market as more homes come to market and buyers demand better terms.
Source: YAHOO