US Real Estate

US Builder Confidence Hits Highest Level in 6 Months: National Association

The average 30-year fixed-rate mortgage dropped to 6.27 percent, marking the second-lowest level so far this year.
US Builder Confidence Hits Highest Level in 6 Months: National Association
A "For Sale" sign in front of a home in Arlington, Va., on Aug. 22, 2023. Andrew Caballero-Reynolds/AFP via Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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U.S. builders are entering the fourth quarter on an optimistic note as mortgage rates decline.

An Oct. 16 report from the National Association of Home Builders (NAHB), presenting data from the NAHB/Wells Fargo Housing Market Index (HMI), stated that builder confidence in the new single-family home market registered a 37 in October—up by 5 points from September and the highest reading since April.
Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.