NAHB: Weakening builder confidence points to economic troubles ahead 

Industry News WASHINGTON — Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder confidence. In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67, according…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Stocks keep climbing as fear keeps falling on Wall Street
West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Acquired by Assenagon Asset Management S.A.
What Do Q1 Freight Volumes Tell Us?
These housing markets are cooling the most. Tech cities are high on the list.
U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.43%