Builder sentiment remains low amid economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs. Confidence in the market for newly built single-family homes inched up one point to 35 in August, according to the National Association of Home …
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Persistent Affordability Concerns Drive Builder Confidence Lower in July
Economic uncertainty and persistent affordability challenges driven by rising material prices, high land costs and elevated mortgage rates forced builder sentiment downward in July. Builder confidence in the market for newly built single-family homes fell two points to 34 in …
Read More »Builder Confidence Remains Low in June
Builder confidence in the market for newly built single-family homes fell two points to 35 in June amid rising material costs, elevated mortgage rates and continued affordability challenges impacting the housing market, according to the National Association of Home Builders/Wells …
Read More »Builder Confidence Rises Slightly in November Despite Softening Demand
Builder confidence in the market for newly built single-family homes rose one point in November to 38, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “While lower mortgage rates are a positive development for …
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