Just look at KB Homes, one of the large home builders in the USA...now even though around 68% of their new home orders cancelled since interest rates increased,their stock price still goes up...what the hey.

“Reflecting sharply lower demand stemming from higher mortgage interest rates, inflation and other macroeconomic and geopolitical concerns, fourth quarter net orders of 692 and net order value of $362.7 million decreased from 3,529 and $1.77 billion, respectively,” the company said.