U.S. House Starts Rise to Highest Level Since 2016

The video discusses the current state of the housing market, highlighting the imbalance between demand and supply, which has led to low inventories and rising home prices. Builders face challenges such as a shortage of skilled labor, affecting their ability to meet market demands. The video also explores the impact of rising mortgage rates on housing prices, noting that higher rates often coincide with a strong economy, which can sustain a healthy housing market.

What historical trend is mentioned regarding interest rates and the housing market?

In what way does the underlying economy influence the housing market according to the text?