Generationally-high mortgage rates and record home prices have depressed home buyer demand, sending home builder confidence to its lowest level in six months, as the NAHB/Wells Fargo Housing Market Index fell to 42 in July. https://lnkd.in/e9QzS-3G #economy #housing
It seems a lot more positive in the Phoenix metro area!
That makes sense that buyers aren't buying right now.
Good point!
True
Challenging times for home builders with these high mortgage rates and home prices. Thanks for sharing the update!