Homebuilder Confidence Falls for Record 10th Straight Month

Homebuilder Confidence Falls for Record 10th Straight Month
Builders work on a home under construction in the Briar Chapel community of Chapel Hill, N.C., on June 9, 2015. AP Photo/Gerry Broome
Bryan Jung
Updated:
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Home construction companies continue to be stuck in a deep rut, as confidence in the market falls once again this month.

Rising mortgage rates and building material shortages have made new housing less affordable for most of the year, pushing away first-time buyers.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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