✉news BusinessReal Estate first seen 2 d ago, last 2 d ago, peak #16
US builder confidence falls to lowest level since housing bust
Original: News | Builder confidence falls to level unseen since housing bust aftermath
Homebuilder confidence in the United States has dropped to its lowest point since the aftermath of the housing bust, according to a report by CoStar. The reading suggests builders are increasingly pessimistic about current and future sales conditions. Commenters are linking the slump to weak demand and affordability pressures, with many seeing it as a warning sign for the wider housing market.
Why now: The sharp decline in builder sentiment is being read as a signal that the housing market is deteriorating.
CoStarNational Association of Home BuildersUnited States housing market
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