381. Homebuilder confidence plummets to the lowest level in more than two years as ‘demand stalls’
From CNBC – Diana Olick | @DianaOlick Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. The reading was the lowest reading since … Continued