Builder Confidence at Record Low

A down economy and market fluctuations has contributed to a lack of confidence in the single-family housing market by homebuilders. November?EUR??,,????'?????<

 

Builder confidence in the market for newly built single-family homes plunged in November as worsening problems in the financial markets, job market weakness and overwhelming uncertainty about the economy continued to negatively impact consumer behavior, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

The HMI sank five points to 9, the lowest level recorded since the series was created in January of 1985.

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