Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Phil Hall

Home Builder Confidence Sinks As Sales Drop 17.6% From Last Year

Two new data reports released Monday morning are pointing to rising problems impacting the U.S. housing market.

Construction Concern: The latest Housing Market Index (HMI) published by National Association of Home Builders (NAHB) and Wells Fargo (NYSE:WFC) recorded its seventh straight monthly decline in July with a 12-point drop to 55. This is the lowest HMI reading since May 2020 and the second largest single-month drop: only the 42-point drop in April 2020 was more severe.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.