“As the market shifts, home builders are increasingly having to drop costs to attract consumers who are up towards affordability challenges,” stated Sturtevant in an emailed statement. However, consultants say a turnaround is in store because of enhancing builder sentiment amid declining rates of interest, which can inject much-needed inventory into the market. New single-family home permits in August elevated by 2.8% compared to July, and housing begins for single-family properties have been up 15.8% month-over-month, based on the most recent knowledge from the U.S. In the meantime, in addition to new house building offering some relief, steeper mortgage fee …