Builders' Pessimism Is at an All-Time High, a New Survey Finds

The National Association of Home Builders said on Tuesday that builder confidence had dropped to 2012 levels in October, providing additional indication that rising prices and borrowing rates are having a negative impact on the housing market.

The National Association of Home Builders index dropped to 38, a low not seen in a decade with the exception of 2020, when the coronavirus epidemic struck. The current reading is halve that of ....