Builder Confidence Shrinks Amid High Mortgage Rates
The index fell below the key break-even measure of 50 for the first time in five months
The index fell below the key break-even measure of 50 for the first time in five months
Following eight months of declines, the WF Housing Market Index fell another three points in September
In yet another sign of a slowing housing market, builder confidence posted its seventh straight monthly decline in July
According to the U.S. Census Bureau, 696,000 new homes sold in May
Ongoing lumber and supply constraints pushed the HMI below the 80-point mark for the first time since last September
One year ago, more than 50 million—or 40 percent—of buyers could afford new construction
It’s the second month of increases in the national index following three months of declines
The National Association of Home Builders say material and labor challenges continue to persist
Despite a small decline, the Housing Market Index remains in the “high” territory
Can’t find a home to buy? No problem! Many are turning to construction…
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