US Builder Sentiment Stays Weak as Affordability Concerns Persist | Forex Factory

  • US Builder Sentiment Stays Weak as Affordability Concerns Persist

    From nahb.org

    Economic uncertainty and persistent affordability challenges driven by rising material prices, high land costs, and elevated mortgage rates continue to weigh on builder sentiment. Builder confidence in the market for newly built single-family homes fell two points to 34 in July, down from an upwardly revised reading of 36 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Sentiment has remained below 40 for 15 consecutive months, the longest such stretch since 2012. “Many potential buyers remain on the sidelines as they wait for lower ... (full story)

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