US Homebuilder Confidence Collapses In October, Future Sales Hope Hits Decade-Lows

From zerohedge.com

It appears delusion and hope can only last so long - even when one's salary depends on it - as US homebuilder confidence crashed to COVID lockdown lows in November after refusing to see what everyone else was seeing more months.. and what homebuyers were clearly feeling as prices soared along with mortgage rates and devastated affordability for most Americans. Against expectations of a small drop from 38 in October to 36 in October, the headline confidence index tumbled to 33 - the lowest in a decade outside of the nadir of the COVID crisis. This the 11th straight monthly decline in homebuilder confidence - the ... (full story)