Builder confidence in the housing market rose for the first time in 12 months, the National Association Home Builders reported Wednesday, as a drop in mortgage interest rates brought out more potential new home buyers.
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Builder Confidence Falls for 11th Straight Month
Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, the National Association of Home Builders reported Wednesday, citing elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines.
Builder Confidence Falls 10th Straight Month
Builder confidence in the market for newly built single-family homes fell by eight points in October—its 10th straight monthly drop to the lowest level in 10 years, the National Association of Home Builders reported Tuesday.
Builder Confidence Down 9th Straight Month
Builder sentiment fell for the ninth straight month in September, the National Association of Home Builders reported Monday, amid elevated interest rates, building material supply chain disruptions and high home prices.
Builder Confidence Turns Negative After 8th Straight Monthly Drop
Home builder confidence has turned into downright pessimism. The National Association of Home Builders/Wells Fargo Housing Market Index fell in August for the eighth straight month to its lowest level in more than two years.
Home Builder Confidence Falls to 1-Year Low
Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment, the National Association of Home Builders said Wednesday.
Supply Constraints, Higher Interest Rates Damper Builder Confidence
Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid, the National Association of Home Builders reported Wednesday.
Supply-Side Constraints Cool Home Builder Sentiment; Most Households Can’t Afford Median-Priced New Home
Despite strong buyer demand, Home builder sentiment continued to slip in February, the National Association of Home Builders reported Wednesday.