Economics

HousingWire updates on economic news, including breaking news, expert commentary and more.

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Even with high lumber prices, new home sales beat

Feb 24, 2021By

Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock, paper, and scissors with lumber prices and mortgage rates, mortgage rates will win. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.

3d rendering of a row of luxury townhouses along a street

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