Too Early to Celebrate New Builds?

Are you celebrating too soon??? Building materials prices fall, single family starts post a solid gain in May and builder confidence moves positive for June! Are these all signs that the economy and housing market is recovering?? Not so fast!! Powell expects more fed rate hikes ahead, there were fewer homes for sale in may than any other month on record and double digit declines for single family permit in April EVERYWHERE! Is the hill too steep for builders to climb? What's the way out of this mess?!
Join the conversation and lets take a look today!

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THE RUNDOWN
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5:01 - Mortgage rates continue to come down
7:34 - Weekly mortgage demand was flat, even as interest rates drop for the third straight week
16:09 - Building Materials Prices Fall for Second Month Straight
26:33 - Double Digit Declines for Single-Family Permits in April 2023 in All Regions
30:15 - There Were Fewer Homes for Sale in May Than Any Other Month on Record
36:13 - Single-Family Starts Post Solid Gain in May
43:38 - Builder Confidence Moves into Positive Territory in June
46:58 - Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
53:40 - Keller Williams and agent hit with class action telemarketing suit

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-- SOURCED ARTICLES --
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* https://www.foxbusiness.com/real-estate/mortgage-rates-continue-come-down
* https://www.cnbc.com/2023/06/21/weekly-mortgage-demand-flat-interest-rates-drop-for-the-third-straight-week.html
* https://eyeonhousing.org/2023/06/building-materials-prices-fall-for-second-month-straight/ * https://www.bls.gov/news.release/ppi.nr0.htm
* https://eyeonhousing.org/2023/06/double-digit-declines-for-single-family-permits-in-april-2023-in-all-regions/
* https://www.redfin.com/news/housing-market-tracker-may-2023/
* https://eyeonhousing.org/2023/06/single-family-starts-post-solid-gain-in-may/
* https://eyeonhousing.org/2023/06/builder-confidence-moves-into-positive-territory-in-june/
* https://www.cnbc.com/2023/06/21/powell-expects-more-fed-rate-hikes-ahead-as-inflation-fight-has-a-long-way-to-go.html
* https://www.inman.com/2023/06/16/keller-williams-and-agent-hit-with-class-action-telemarketing-suit/