Housing Market ‘Meltdown’ Intensifies: Homebuilders Halt Construction As Confidence Plunges To 2-Year Low

ToplineHome-builder confidence plunged to a two-year low in July as high inflation and supply chain constraints prompted many builders to halt construction on homes, the National Association of Home Builders reported Monday, marking the latest sign the housing market is due for a steep turnaround after the pandemic-era home-buying frenzy. Key Facts Builder confidence in…