Lack of Progress on Inflation Pushes Homebuilder Sentiment Back Into Negative Territory
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
The Fed’s interest rate policy is not weighing on home building as much as it had last year.
Sentiment declined for a second consecutive month in September.
The National Association of Home Builders (NAHB) monthly confidence index rose for the third month in a row.
A funny thing happened on the way to the recession.
The U.S. economy has decoupled from itself. The bad news is that the Federal Reserve wants to put it back together.
Homebuilder sentiment weakened for the eighth straight month, falling into negative territory for the first time since the pandemic first hit.
The worst reading since the depth of the early days of the pandemic and lockdowns.
Supply chain disruptions, high costs of materials, and rising interest rates are weighing down home builder confidence.
The nation’s builders already struggling with the supply chain crisis now face a vaccine mandate that could make home construction harder.