Insight
Homebuilder confidence fell two points to 35 in June, marking the 14th consecutive month below 40, the longest streak since 2011-2012.
Tepid spring selling, strong headwinds buffet builder confidence
Summary
Builder confidence is at a 14-month low (35), with a significant portion cutting prices and offering incentives to boost sales. High mortgage rates and economic uncertainty are key concerns. Markets vary, with some regions seeing strength while others struggle.
Key takeaway