New Home Construction Rises to Highest Level Since 2006

The video discusses recent trends in the housing market, focusing on building permits, housing starts, and the impact of rising interest rates. It highlights a decline in housing completions and the ongoing demand for housing despite higher rates. The video also examines the role of private equity in the housing market, particularly in student housing, and its effect on housing availability and affordability.

What is the current mortgage rate mentioned in the text?

What challenges do starter homes face in the current market according to the text?