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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 […]
Homebuilding executives remain pessimistic about the market overall as shrinking margins, increased incentives, high housing costs and economic uncertainty outweigh the benefits of moderating mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Builders’ confidence in the Housing Market Index (HMI) remained relatively flat, rising one point to 38 in November. A score of […]
