Illustrative stock photograph of a modern home. Photo: Zac Gudakov / Unsplash. America’s homebuilders are more pessimistic than they have been in more than 14 years. Builder confidence fell 3 points to 29 in October, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Monday. That is the lowest reading since June 2012. The index runs from 0 to 100. Any reading below 50 means more builders view conditions as poor than good. The details matter…
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Builder Confidence Just Hit Its Lowest Level Since 2012. New Homes Are Now the Easiest Place to Negotiate.
Builder confidence fell to 29 in October as 43% of builders cut prices. What new-home buyers and agents should know before negotiating.
