How Higher Borrowing Costs Are Changing Housing Construction | Jim Righeimer

Higher borrowing costs are putting pressure on new home construction and apartment buildings financed at lower rates. What does that mean for how much housing actually gets built? Builders and apartment owners face different constraints. Builders are deciding how many new homes to construct, while apartment owners carry financing costs on buildings already completed. Advertised prices and rents tell only part of that story. Jim Righeimer, CEO and co-founder of Arbor Capital Partners, develops land and sells finished lots to some of the country’s largest publicly traded home builders. His work in land development and commercial property refinancing gives him a direct view of both sides. He explains what builder commitments and apartment refinancing reveal about current housing conditions, and what that could mean for future construction. *Views expressed in this video/article are opinions of the author and do not necessarily reflect the views of The Market Insider Show