Affordability Pressures Keep Builder Confidence Low
Builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs, with the latest data and analysis from homebuilders painting an overall still-muddled picture of near-term housing demand and affordability. Builder confidence in the market for newly built single-family homes inched up one point to 35 in August, according to…
The post Affordability Pressures Keep Builder Confidence Low appeared first on RISMedia.
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