US Homebuilder Confidence Hits 14-Year Low Amid Rising Costs
Homebuilder confidence in the US has dropped to its lowest level in 14 years due to rising mortgage rates, increased construction costs, and labor shortages. Builders face challenges meeting demand, leading to a growing inventory of unsold homes. Many are offering price cuts and incentives to attract hesitant buyers, resulting in reduced new construction projects.
TOI Business·



