NAHB Reports Lowest Builder Confidence in 14 Years

The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for builder confidence fell three points to 29 (out of 100) in October, marking the lowest builder confidence in the market since June 2012. NAHB attributed the historically low measure of builder sentiment to rising mortgage rates, energy and material costs, and…

The post NAHB Reports Lowest Builder Confidence in 14 Years appeared first on RISMedia.

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