The housing market is having some ups and downs! Homebuilders aren't selling as many houses as they hoped. High mortgage rates (the money you pay to borrow to buy a house) and worries about the economy are making it tough for people to buy.
- Fewer people are buying new homes.
- Builders are offering deals to attract buyers, like lower interest rates.
- This is making less money for the builders.
- Builders are hoping that sales will improve in the spring.
| Company | Sales | Prediction |
|---|---|---|
| DR Horton | Lower than expected | Hoping for better spring sales |
| Toll Brothers | Lower than expected | Uncertain about future sales |
