【World Property Journal】U.S. Builder Confidence Moves Lower in August

In August 2024, U.S. builder sentiment declined due to affordability challenges and buyer hesitation caused by high interest rates and elevated home prices. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported builder confidence for newly built single-family homes at 39, a two-point drop from the revised July figure of 41. This marks the lowest confidence level since December 2023.

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