Construction starts rise in Feb, but home builder confidence sags

The number of new housing starts increased last month thanks to growth in the multifamily sector. However, builder confidence continued to decline due to the rising costs of building materials, it was revealed last week. The Department of Housing and Urban Development and the Census Bureau said last week that February housing starts, including both

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Slumping Home Builder Confidence Dampens Stocks

According to a new report by the National Association of Home Builders (NAHB), higher home prices caused many U.S. homebuilders to take heed.

Builder Confidence at its Highest for 9 Years

Builder confidence in the new-home market rose to its highest reading in nearly 9 years, according to the latest reading from the National Association of Home Builders/Wells Fargo Housing Market Index

Construction Industry Rebounds?

Last month saw a massive increase in the number of new home constructions and building permits being handed out, a big sign that the new-home market is finally pulling itself out of one of its worst slumps in living memory. The Washington Post reported that last month, builders broke ground on new homes at a

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