Home builder confidence has fallen to a seven-month low as surging mortgage rates and supply chain issues boost housing costs. At the same time, demand for homes is strong, with homebuilding unexpectedly rising in March, despite rising mortgage rates. But, as the Fed raises interest rates, some analysts are pointing to signs of cooling in the housing market. Tim Rood, Managing Director of SitusAMC, breaks down the latest data and what it signals about the housing market.
