WS #15186
The US housing market is entering a 'soft period' as major homebuilders like Lennar and KB Home warn that conditions have deteriorated sharply with mortgage rates breaching the 7% threshold. This housing slowdown is corroborated by RBI data showing a shift toward secured borrowing as consumer credit dries up, indicating broader financial stress. The market implication is a negative outlook for the housing supply chain, including materials and home improvement retailers.
US Housing Market Deterioration
The US housing market is entering a 'soft period' as major homebuilders like Lennar and KB Home warn that conditions have deteriorated sharply with mortgage rates breaching the 7% threshold. This housing slowdown is corroborated by RBI data showing a shift toward secured borrowing as consumer credit dries up, indicating broader financial stress. The market implication is a negative outlook for the housing supply chain, including materials and home improvement retailers.