Woodworking Industry News

Builder confidence down for 10th straight month

WASHINGTON – Builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012 (excluding the two months in the spring of 2020 at the beginning of the pandemic). The National Association of Home Builders (NAHB) said that the results are a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market.