NAHB: Builder Confidence "Plunged" to 30 in April

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 30, down from 72 in March. Any number below 50 indicates that more builders view sales conditions as poor than good. From NAHB: Builder Confidence Posts Historic Decline on Coronavirus Pandemic Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30 , according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The decline in April was the largest single monthly change in......(read more)

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