Homebuilders say U.S. is in a 'housing recession' as sentiment turns negative

[Ravi860]

• The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points in August to 49. Anything below 50 is considered negative.
• This marks the eighth straight decline in the index.
• "Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession," said NAHB Chief Economist

Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs.
 

https://www.cnbc.com/amp/2022/08/15/us-is-in-housing-recession-homebuilders-say.html

[BeerBob123]

Ok