Homebuilders say they’re becoming concerned that increasing numbers of buyers are pulling out of sales contracts for new homes. That’s led to homebuilder confidence falling for the eighth month in a row, according to the Commerce Department this week. Last month, single-family home construction dropped by 10% annually, falling to its lowest level since the
Construction starts rise in Feb, but home builder confidence sags
March 21, 2022 by
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
