National Association of Home Builders CEO Jim Tobin discusses plunging homebuilder sentiment, mortgage and high interest rates and housing affordability on ‘Varney & Co.’
00:00 – Home building decline predictions for 2024
00:20 – The impact of 7.5% mortgage rates
00:40 – Middle class vs. Luxury builders
01:10 – Is the American Dream dead?
01:53 – Homeownership and the gateway to the middle class
02:30 – Why now is the time to buy a home
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