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.
Tag: National Association of Home Builders
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.
Builder Confidence Reaches Inflection Point
Rapidly rising interest rates, combined with ongoing home price increases and higher construction costs, continue to take a toll on builder confidence and housing affordability, the National Association of Home Builders reported Monday.
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.
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.
MBA November Builder Applications Survey Down 3% From October; 2.2% from Year Ago; Home Builder Sentiment Up
Mortgage applications for new home purchases fell in November by 3 percent from October and by 2.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
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.