The NAHB/Wells Fargo Housing Market Index (HMI) rose two points to 44, marking the third consecutive monthly increase in homebuilder sentiment levels.
Data by the National Home Builders Association shows the top 10 markets for new home construction, the majority of which are in the southern U.S.
With mortgage rates at 7% and a strong likelihood of recession around the corner, buyers and homeowners are asking, “Will the market crash?” Experts weigh in.
Homebuilder sentiment dropped another eight points in October to 38, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). \
For daily real estate news, business and marketing.
