Big News This Morning: Builder Confidence
Builders don’t just think about today, they’re looking 1, 2, even 3 to 10 years ahead. They’re creating homes that must be sold before the paint dries.

So when builder confidence ticks up or down, it says a lot about where they believe the market is heading.

This isn’t guesswork, it’s money on the line.

Anecdotally, we’re hearing that buyers are holding out for lower rates, while sellers, though cooperative, are hesitant to drop their prices.

My thoughts:

Watch the dog, not the tail.
Focusing too closely on one data point can give a false read on the bigger picture.

Inventory is rising and that trend looks set to continue. Rates, while still higher than we’d like, are starting to ease.

Buyers may be sitting on the sidelines for now, but make no mistake—there are plenty of them, and they’re watching closely.

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