Hand-Wringing Over Rising Rates
Builder Online
By John McManus
Are rising interest rates eroding demand momentum? It’s really tough to do the math, because cause-and-effect doesn’t come purely into play, and even correlations are hard to prove, because multiple variables always work as forces. As Wells Fargo analyst Steve East puts it, as interest rates go up as they’re going to do, what happens to demand is virtually a no-win for the public builders. Either way they get hit with negative investor sentiment.
About author
You might also like
Residential Investment to Increase in 2015?
One of the most lucid commentators on housing market economics, Calculated Risk’s Bill McBride, see an increase in residential investment for 2014. As the charts in this blog post make
Mortgage Credit Likely to Expand
Recent announcements from government agencies involved in the mortgage industry indicate that mortgage credit is likely to expand soon. Among other imminent changes are lower down payment requirements which would
