Industry News

Housing affordability erodes builder confidence

Trade group fears further interest-rate hikes
Published on Jul 19, 2006

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by CareyBot

Builder confidence in the single-family market slipped three more notches to 39 in July, as interest rates and housing affordability continued to worry builders, according to an industry index released Tuesday. The NAHB/Wells Fargo Housing Market Index (HMI), which is derived ...