Homebuilding executives are entering the new year with a bleak outlook on the housing market as buyer hesitancy, shaky consumer confidence, shrinking profit margins and increased incentives weigh on the sector. The National Association of Home Builders (NAHB)/Wells Fargo The builder confidence indicator for the housing market index (HMI) remained negative at 37, down two […]
Home construction industry executives remain gloomy, pointing to a range of current conditions characterized by buyer hesitancy, economic uncertainty, shrinking profit margins, increased use of incentives and high costs. However, homebuilders who primarily target the edgy entry-level buyer segment face the biggest hurdles. The National Association of Home Builders (NAHB)/Wells Fargo Housing market index The […]