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US Homebuilder Confidence Crashes To 14 Year Low, Blame Mortgage Rates & Immigration
US Homebuilder Confidence Crashes To 14 Year Low, Blame Mortgage Rates & Immigration
American homebuilder confidence crashed to 29 in October - down from 32 in September and worse than the 31 print expected as rising mortgage rates, energy and material costs, and worsening labor and lot conditions have pushed builder sentiment to a 14-year low.
All three of the major HMI indices posted losses in October.
The index measuring current sales conditions fell two points to 33, the index gauging future sales expectations dropped five points to 32 and the index...
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Inside The Major Bill Poised To Reshape The US Housing Market
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Authored by Andrew Moran via The Epoch Times,
The United States may be on track to implement the first comprehensive housing legislation in decades.
For the past several years, housing affordability has been a significant subject across the country, with many young people struggling to achieve the dream of homeownership.
Lawmakers on both sides of the aisle have tried to reverse the trend by advancing the 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025.
Here is a...
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