Builder Confidence Edges Lower on Inflation Concerns

Rising inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment, even as consumer demand remained robust, the National Association of Home Builders reported Tuesday.

Home Builder Confidence Up Despite Supply Chain Snags

Low inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges – including building material bottlenecks and lot and labor shortages – remain stubbornly persistent, the National Association of Home Builders reported Tuesday.

September New Home Purchase Mortgage Applications Down 16.2%

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.

September New Home Purchase Mortgage Applications Down 16.2%

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.