Homebuilder confidence in May improved slightly but remained subdued due to high mortgage rates, inflation, and affordability issues. Suppliers are announcing price hikes for materials like paint and roofing products, driven by rising fuel costs and geopolitical tensions, which could further strain builders' finances later this year. Developers must navigate material cost uncertainties and consider domestic sourcing to mitigate tariff impacts and maintain profitability.
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Ali NematiWritten by Ali
