Posts Tagged ‘ confidence reading ’

Confidence in Single-Family Housing Contraction Continues in October

Nov 21st, 2022

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]

NAHB: Builder Confidence Continues Downward Slide, Housing Market Continues to Weaken

Oct 20th, 2022

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012 (excluding the two-month period in the spring of 2020 at the beginning of the pandemic). The association attributes the […]