The National Association of Home Builders is reporting this week U.S. builder confidence retreated in August 2023 as rising mortgage rates and stubbornly high shelter inflation have further eroded housing affordability and put a damper […]
Rising rates took a toll on builder confidence in August. The National Association of Home Builders (NAHB) said the NAHB/Wells Fargo Housing Market Index (HMI) dropped 6 points as rates neared 7 percent. The HMI, […]
“Lack of existing inventory continues to drive buyers to new construction,” said NAHB Chief Economist Robert Dietz. The post Builders Express Renewed Confidence in Housing Market appeared first on Weekly Real Estate News.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shot higher in February, achieving a second monthly gain. NAHB’s chief economist Robert Dietz said the 7-point increase in the HMI brought it […]
The post Market confidence rising among home builders appeared first on Weekly Real Estate News.
The post Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead appeared first on Weekly Real Estate News.
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