“Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” added NAHB Chief Economist Robert Dietz.
The post Builder Confidence in Mild Uptick appeared first on Weekly Real Estate News.
Builder confidence in the market for newly built single-family homes fell six points to 34 this month, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marks the […]
Stubbornly high mortgage rates further eroded home builders’ confidence in the new home market in October. Not only did the National Association of Home Builders (NAHB) report that the NAHB/Wells Fargo Housing Market Index (HMI) […]
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