BUILDER BLUES
10/20/2026 |
The NAHB Homebuilder Confidence Index fell to a dismal 29 this month (neutral is 50), the lowest reading since 6/12. This is the result of a market challenged by rising prices, rates, and input costs, and labor shortages. To attract buyers and boost affordability, builders are shrinking new homes and buying down mortgage rates which is battering margins. 43% of builders cut prices in September, the highest rate since 2020.