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 Modestly in May
Builder confidence saw modest gains in May despite rising mortgage rates and economic uncertainty, while builders continue to deal with elevated land, labor and construction costs. According to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market …
Read More »Builder Sentiment Ticks Up in March
Builder sentiment increased slightly in March, despite the continued affordability concerns expressed by many builders, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder confidence in the market for newly built single-family homes rose …
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