Reflecting a Weakening Housing Market, Builder Confidence Declines Again in December

Reflecting a Weakening Housing Market, Builder Confidence Declines Again in December

High mortgage rates, elevated construction costs running well above the inflation rate and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two …read more