NAHB: Weakening builder confidence points to economic troubles ahead 

Industry News

istock.com/stevecoleimages 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

Live news updates: US agrees $3.2bn deal for Pfizer boosters that target Omicron
Shredded trees, dead dolphins and wildfires — how Russia’s invasion is hurting nature
Hardie Architectural Collection
Winners announced for $2M Mass Timber Competition: Building to Net-Zero Carbon
SPH Engineering and GreenValley International synchronize drone technologies for LiDAR data collection and processing – sUAS News – The Business of Drones