The Daily Drill - Oct. 18, 2022

18/10/2022 2 min
The Daily Drill - Oct. 18, 2022

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Episode Synopsis

NAHB's measure of home builder confidence, the Housing Market Index (HMI), fell dramatically in October to a reading of 38, well below a healthy level. Rising interest rates, continuing supply chain issues, and stubbornly high home prices are eating into consumer demand and builder confidence in the market for new homes.