National Association of Home Builders Pens Letter to the Fed

Many local builders have been asking lately, what is NAHB doing to help builders and home buyers with rising interest rates? This week, NAHB and two other industry groups sent a letter to the Federal Reserve’s Board of Governors conveying profound concern that ongoing market uncertainty about the Fed’s rate path is contributing to recent interest rate hikes and volatility. Not only do these groups hope the Fed will rethink their current path and approach to rising interest rates, but they argue that it shouldn’t consider selling off mortgage-backed securities holdings unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized.

To learn more about NAHB’s advocacy priorities visit: https://www.nahb.org/advocacy/top-priorities.