The U.S. homebuilding industry has been suffering for a long time as higher raw material costs and soaring mortgage rates are keeping buyers away from the housing market. Sky-high inflation saw the Federal Reserve aggressively hike interest rates since March 2022, which sent mortgage rates to two-decade highs. The homebuilding industry started to rebound after the Federal Reserve halted its interest rate hike for the first time in July 2023. It got a further boost at the end of October as the central bank l ...