Builder confidence in US housing market ends 12-month streak of declines
Despite challenges, experts believe a rebound in home building could be underway in 2023
Source: mpamag.com
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Glimmer of Hope in Otherwise Gloomy Builder Confidence Numbers
The Housing Market Index (HMI) from the National Association of Homebuilders (NAHB)--typically referred to simply as "builder confidence"--is argued to be both an advance indicator and a lagging indicator depending on who is doing the arguing.  It was more prescient as a harbinger of better times ahead roughly a decade ago, but most recently, it was a bit late to drop compared to New Home Sales. There's more correlation and more sense of it being an advance indicator when comparing it to something more construction-focused such as Housing Starts. Wh...
Source: mortgagenewsdaily.com
Contractor confidence steady as ABC construction backlog indicator jumps in September | The Daily Reporter
Construction backlogs rose to nine months last month, according to a member survey from a national trade association.
Source: dailyreporter.com
'Housing Recession' Is Here as Homebuilder Sentiment Plunges: NAHB
Homebuilder confidence fell for the eighth straight month in August, with experts blaming elevated mortgage rates and construction expenses for the crisis.
Source: theepochtimes.com
Housing starts decline mirrors drop in homebuilder confidence
Housing industry continues to be beset by a host of challenges
Source: mpamag.com