“Pulling Back Makes Sense”—Ivy Zelman Breaks Down the New Construction Slowdown
Check Out This Weeks Newsletter In a recent appearance on CNBC’s Squawk Box, Ivy Zelman of Zelman & Associates shared her take on the current housing market, just as new reports from NAHB and the U.S. Census Bureau revealed a sharp drop in builder sentiment and a slowdown in permits and completions. The common thread? Uncertainty. Interest rates remain high, policy direction is unclear, and pricing homes has become a gamble for builders navigating both buyer fatigue and material costs. Zelman doesn’t just skim over the biggest takeaways on builder sentiment and housing starts; she speaks to specific pain points and brings up a piece of legislation that could offer real relief for both buyers and sellers. Byron Lazine broke down Zelman’s insights in today’s Hot Sheet: Read on for a quick overview of Zelman’s thoughts on home builder sentiment, new construction versus existing homes, and a NAR-backed bill that could incentivize small landlords to sell. Confidence Fa...