Page 19 - Builder Brief March 2023 Issue

SHARE OF BUILDERS REPORTING PROBLEMS ATTRACTING BUYERS HMI Special Survey
Problems with High Interest Rates
Negative Media Reports Making Buyers Cautious
Buyers Expect Prices or Interest Rates Will Decline If They Wait
Concern About Employment / Economic Situation
Gridlock/Uncertainty in Washington Making Buyers Cautious
Buyers Unable to Sell Existing Homes
Potential Buyers Putting 6% Off Purchase Due
to Student Debt 8%
Competition from 2% Distressed Sales/
Foreclosures
0% 20%
66%
93%
55%
79%
49%
80%
41%
73%
38%
54%
13%
52%
20%
40% 60% 80% 100%
Faced in 2022
Expected in 2023