Builder Confidence Slumps in August as Low Affordability Plagues Homebuyers

Homebuilder confidence slipped in August as the housing market grapples with affordability headwinds and buyer skittishness amid high interest rates and home prices, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Thursday. The index, which measures builder sentiment, dipped two points to 39 in August from a…

The post Builder Confidence Slumps in August as Low Affordability Plagues Homebuyers appeared first on RISMedia.

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