【World Property Journal】Declining U.S. Builder Confidence Confirms Further Economic Troubles in 2022

According to the latest National Association of Home Builders Wells Fargo Housing Market Index, rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment. In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67. This marks the lowest HMI reading since June 2020.

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