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https://www.wsj.com/articles/home-builders-learn-to-love-high-rates-c4e2adb7

Home Builders Learn to Love High Rates

Low supply of homes is giving builders ample reason to step up construction, despite high interest rates

By Justin Lahart
The market looks to be heating up again after the Fed paused its string of rate increases, but layoffs are starting to pick up and forward-looking economic data is showing signs of a recession. Here is what to look out for this week. Photo: Tolga Akmen

High interest rates are usually bad news for home builders. But right now, they are actually making new homes easy to sell by compounding a shortage of available real estate.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.