Higher Rates May Be New Normal, Santander's Stanley Says

The video discusses the unusual trends in the housing market due to the pandemic and rising mortgage rates. It highlights how homeowners with low mortgage rates are less likely to move, benefiting builders. The market is slowly adapting to higher rates, with new home sales showing signs of recovery. The economic impact of these changes is significant, with housing activity affecting GDP.

What changes are builders making in response to the current housing market?

How did housing activity in the second half of last year compare to the first quarter of this year?