Homebuilder Pessimism Deepens As Housing Recession Shows ‘No Signs of Abating’: NAHB

Homebuilder Pessimism Deepens As Housing Recession Shows ‘No Signs of Abating’: NAHB
New homes are seen past construction vehicles in Laurel, Maryland, on June 4, 2022. Stefani Reynolds/AFP via Getty Images
Bryan Jung
Updated:
0:00

Homebuilder pessimism has deepened as confidence in the U.S. housing market continues its downward spiral amid skyrocketing mortgage rates and inflation.

Home construction businesses blame rising rates for the decline in sentiment, by making housing less affordable for first-time buyers at a time when single-family home prices are at an all-time high.

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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