Builders' Confidence Slips Again, Despite Low Mortgage Rates

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homebuilder confidenceHomebuilder optimism remains limited, despite historically low mortgage interest rates as demand just isn't there, according to the latest National Association of Home Builders index.

The NAHB and Wells Fargo (WFC: 24.25 -2.81%) survey builders to gauge perceptions of the new, single-family home market for the next six months. A score higher than 50 indicates more builders view the market as good than poor.

The index slid to 14 for September from a revised reading of 15 for August. The index has stayed within 13 to 17 for 12 months.

NAHB Chairman Bob Nielsen said "very little has changed in terms of housing market conditions so far this year."

Read the full story at HousingWire.


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