Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
Tag: NAHB/Wells Fargo Housing Market Index
Rising Mortgage Rates Harming Housing Affordability: NAHB/Wells Fargo
Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter to its lowest level in more than a decade.
Elevated Mortgage Rates Hammer Builder Confidence
Stubbornly high mortgage rates that have remained above 7% for the past two months are taking a heavy toll on builder confidence, as sentiment levels dropped in October to the lowest point since January.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Builder Confidence Falls as Mortgage Rates Rise
Homebuilder confidence retreated in August as mortgage rates approached 7% and stubbornly high shelter inflation further eroded housing affordability, the National Association of Home Builders and Wells Fargo reported.
Builder Confidence Falls as Mortgage Rates Rise
Homebuilder confidence retreated in August as mortgage rates approached 7% and stubbornly high shelter inflation further eroded housing affordability, the National Association of Home Builders and Wells Fargo reported.