High interest rates continue to be a problem for home developers, a trend that a National Association of Homebuilders survey sees continuing this year.
Nine out of 10 builders said that was the case in 2023, according to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index, and 77% expect them to be a problem in 2024.
More than half (52%) cited rising inflation in the US economy as the No. 2 hindrance this year, although that percentage is down from 83% a year ago.
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