
Northeast Homebuilder Confidence an Outlier Amid National Dip
Nationwide homebuilder confidence hit the lowest level in seven months, according to the industry’s biggest trade group. But builders in the Northeast are notably more optimistic.
Nationwide homebuilder confidence hit the lowest level in seven months, according to the industry’s biggest trade group. But builders in the Northeast are notably more optimistic.
Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales, buyer traffic and housing starts according to new data.