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Home builders constructing a home.
Builder confidence in the market for newly built single-family homes rose four points to 35 in January, according to the National Association of Homebuilders.

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  • Homebuilder confidence dropped to its lowest point since January 2023, the NAHB said Tuesday.
  • Stubbornly high mortgage rates have taken a toll on builder sentiment, the group said.
  • Builder confidence in October fell for the third consecutive month of declines.

Homebuilder confidence just plunged to its lowest mark in 10 months, the National Association of Home Builders announced on Tuesday. 

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Markets, mi-exclusive, Markets, housing-market, Homebuilders, housing-outlook, homebuilder-confidence, Sentiment, nahb, housing-market-index, Construction
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Homebuilder confidence drops to the lowest in 10 months as high mortgage rates …