Builder Confidence Slips for Sixth Consecutive Month in June 2022

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported on Wednesday (6-15-22) that builder sentiment in the market for newly built single-family homes fell 2 points lower in June to a reading of 67. This is the sixth consecutive month that builder sentiment has declined, and it is at its lowest level since June 2020.

In June, all three HMI indices and all four geographical regions reported declines.

According to the NAHB, any reading above 50 indicates that more builders view conditions as good rather than poor and that demand remains steady.

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Original Source:
Weakening Builder Confidence Points to Economic Troubles Ahead