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Decoding the Resilience of the Housing Market Amidst the Pandemic with Lance Lambert

Lead-Lag Live

00:00

The Home Builder Response to the Mortgage Rate Shock

During the pandemic housing boom, builders were able to achieve a process margin that was higher than they had ever had. And so when the mortgage rate shock occurred last year, builders could take that margin and move it around in a way that would be able to help them meet the market this spring. DR Horton CEO: They cut prices about 6% across the country.

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