Reported 1 day ago
The National Association of Homebuilders (NAHB) reports a decline in builder confidence to a five-month low as political uncertainty continues to affect the housing market. CEO Jim Tobin attributes this stagnation to high mortgage rates and regulatory challenges, including tariffs and immigration policies, which he believes are hindering the construction of new homes necessary to alleviate the affordability crisis. Regions like the Southeast and Southwest, attracting new residents, are also feeling these pressures.
Source: YAHOO