The spring home-selling season poses challenges for homebuilders due to high mortgage rates and economic uncertainty. Major builders like DR Horton reported a decrease in net orders, prompting them to offer incentives that have impacted profit margins. Toll Brothers also lowered its sales guidance amid mixed demand. Concerns over rising land prices and tariffs on imported materials further complicate the market. Homebuilder confidence has dropped, reflecting the ongoing issues of affordability and land inflation affecting gross margins.
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