fromwww.housingwire.com
3 days agoHomebuilder confidence ticks up but remains low
Homebuilding executives remain downbeat, citing a range of current conditions marked by buyer hesitancy, economic uncertainty, shrinking profit margins, increased use of incentives, and high costs. However, homebuilders whose primary focus is the strained entry-level buyer segment face the biggest hurdles. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)'s builder confidence gauge remained range-bound at a below-par level, rising one point to 39 in December.
Real estate
