Elevated mortgage rates drive homebuilder confidence downward

Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Continue reading

Homebuilders are feeling a lot more optimistic as market begins to thaw

Builder confidence rose seven points in February, to 42, according to the latest NAHB Housing Market Index. It’s the highest score since September and the largest one-month increase in a decade. Continue reading

‘Clear sign’ of a slowing housing market as builder confidence falls

Homebuilder confidence fell 2 points in June to 67, marking the lowest reading since June 2020, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading

Builder confidence hits lowest level since June 2020

A decline in consumer demand amid rising interest rates, increases in materials costs and home price growth led builder confidence to drop 8 points to 69 in May, according to the NAHB. Continue reading