NAHB Chief Economist Robert Dietz commented that the flat reading in April suggests potential for demand growth, but buyers are hesitant due to uncertainty about interest rates. He stated that buyers are waiting to see where interest rates are headed before making decisions. Dietz also mentioned the recent adjustment of markets to higher rates because of inflation readings. Despite this, he anticipates that the Federal Reserve will announce future rate cuts later this year and expects mortgage rates to moderate in the second half of 2024.