The National Association of Home Builders reported builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic.
Tag: NAHB/Wells Fargo Housing Market Index
Strong Demand Boosts Home Builder Confidence Despite Supply Chain Disruptions
The National Association of Home Builders said strong consumer demand helped push builder confidence higher in October, despite growing affordability challenges stemming from rising material prices and shortages.