A decline in consumer demand amid rising interest rates, increases in materials costs and home price growth led builder confidence to drop 8 points to 69 in May, according to the NAHB.
Source: Inman News
Builder confidence hits lowest level since June 2020
Published in homebuilder sentiment, interest rates, Markets & Economy, National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index, National Association of Homebuilders and News Brief
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