Builder Confidence Rises For First Time In Over A Year
While the NAHB/Wells Fargo Housing Market Index remains low, it rose for the first time since December 2021.
While the NAHB/Wells Fargo Housing Market Index remains low, it rose for the first time since December 2021.
NAHB's latest survey shows 62% of builders are using incentives to bolster sales.
Use of incentives increases as builders try to lure buyers.
NAHB/Wells Fargo Housing Market Index falls 8 points; MBA says new home purchase applications fell 13.2%.
A result of elevated interest rates, supply chain disruptions, and high home prices.
NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.