Housing Market Already Feeling Rate Cut Impact

The one-half-point cut was larger than many predicted, triggering positive signs for the building and construction trade.  It took longer – far longer – than many of the experts predicted and just about everybody in the building trade was hoping for but the Federal Reserve finally reduced interest rates earlier this month and they went […]

What the Expected Fed Rate Cut Means for Builders

We’re only weeks away from the highly anticipated cut in interest rates by the Federal Reserve. Here’s what it could mean for the building and construction trade. It’s been talked about for almost a year, the Federal Reserve has stuck to its guns and kept interest rates at the highest level in 20 years. Now, […]

Whatever Happened to the Interest Rate Cut?

Lots of people thought the Fed would have begun rate cuts by now. Will they still do so in 2024? The euphoria around the start of this year about the Federal Reserve cutting the prime rate, resulting in a subsequent drop in mortgage costs jumpstarting the new construction and overall housing market, has receded into […]

Goldman Sachs Forecasts High Home Prices & Mortgages for 2024

Despite some signs that interest rates may be leveling off and housing activity showing signs of life, the big investment banker says next year will still be a hard one for the building trade. There are some indications from the Federal Reserve that interest rates may be topping out while small pockets of the new […]

Don’t Mess with the Fed

New research from an industry consulting group says the Federal Reserve is going to do what it does. Anyone in the building supply business who is hoping for some imminent relief in interest rates that might rekindle housing construction should probably hope for something more realistic – like winning the lottery or meeting Santa Claus. […]