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Fed’s Potential Rate Cut Amidst Housing Market Slowdown

In our lines of business, we deal with many smaller builders, for whom the slowdown over the past two years has been significant. In this article, Tim Smart is summarizing a recent slowdown nationally in the new construction segment of the housing market. He feels it is significant enough that the Fed will notice it and change its “hawkish” attitude towards inflation and reduce the key interest rate as early as September. In our businesses, we are ready for that response across the board and will take the resultant uptick in business and run with it.

Smart, T. (2024, June 20). New Construction Hits Wall of High Prices and Mortgage Rates in May. U.S. News. Retrieved July 2, 2024.

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