{"id":1445108,"date":"2022-04-19T07:00:26","date_gmt":"2022-04-19T11:00:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1445108"},"modified":"2022-04-19T07:00:40","modified_gmt":"2022-04-19T11:00:40","slug":"homebuilder-confidence-falls-for-fourth-consecutive-month","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/homebuilder-confidence-falls-for-fourth-consecutive-month\/","title":{"rendered":"Homebuilder Confidence Falls for Fourth Consecutive Month"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhomebuilder-confidence-falls-for-fourth-consecutive-month%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1445108&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Advisors Capital Management partner Joanne Feeney argues the housing market isn&#8217;t dead despite rising mortgage rates.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/economy\" target=\"_blank\" rel=\"noopener\">Homebuilder sentiment<\/a> slipped for the fourth month in a row in April as rising construction costs, home prices, interest rates and supply chain woes continue to take a toll.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2020\/02\/931\/523\/AP20052474356228.jpg?ve=1&#038;tl=1\" alt=\"construction home\" \/><\/div>\n<div class=\"caption\">\n<p><span>A framing crew builds a home in Raymond, N.H.\u00a0<\/span><span> (AP Photo\/Charles Krupa \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n<table class=\"stock-fundamentals\">\n<thead>\n<tr>\n<th class=\"ticker\">Ticker<\/th>\n<th class=\"security\">Security<\/th>\n<th class=\"last\">Last<\/th>\n<th class=\"change\">Change<\/th>\n<th class=\"percent\">Change %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=DHI\">DHI<\/a><\/td>\n<td class=\"security\">D.R. HORTON INC.<\/td>\n<td class=\"last\">71.35<\/td>\n<td class=\"change neg\">-1.16<\/td>\n<td class=\"percent neg\">-1.60%<\/td>\n<\/tr>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=TOL\">TOL<\/a><\/td>\n<td class=\"security\">TOLL BROTHERS INC.<\/td>\n<td class=\"last\">45.47<\/td>\n<td class=\"change neg\">-0.72<\/td>\n<td class=\"percent neg\">-1.56%<\/td>\n<\/tr>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=LEN\">LEN<\/a><\/td>\n<td class=\"security\">LENNAR CORP.<\/td>\n<td class=\"last\">76.02<\/td>\n<td class=\"change neg\">-0.75<\/td>\n<td class=\"percent neg\">-0.98%<\/td>\n<\/tr>\n<tr><\/tr>\n<\/tbody>\n<\/table>\n<p>The National Association of Home Builders\/Wells Fargo <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-housing\" target=\"_blank\" rel=\"noopener\">Housing<\/a> Market Index released Monday showed builder confidence fell to 77 this month, down two points from March and the lowest reading on the index since it hit 76 in September. A score of more than 50 shows more builders view the conditions as good versus poor.<\/p>\n<p><a href=\"https:\/\/video.foxbusiness.com\/v\/6304051044001#sp=show-clips\" target=\"_blank\" rel=\"noopener\"><strong>AMERICANS ARE \u2018DEPRESSED\u2019 ABOUT THE REAL ESTATE MARKET: KEVIN HASSETT<\/strong><\/a><\/p>\n<p>&#8220;The housing market faces an inflection point as an unexpectedly quick rise in interest rates, rising home prices and escalating material costs have significantly decreased housing affordability conditions, particularly in the crucial entry-level <a href=\"https:\/\/www.foxbusiness.com\/CATEGORY\/MARKETS\" target=\"_blank\" rel=\"noopener\">market<\/a>,&#8221; said NAHB chief economist Robert Dietz.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2020\/11\/931\/523\/iStock-dr-horton-home.jpg?ve=1&#038;tl=1\" alt=\"home construction\" \/><\/div>\n<div class=\"caption\">\n<p><span>D.R Horton a large US home builder building new homes in Georgia. <\/span><span> (iStock \/ iStock)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Mortgage rates <a href=\"https:\/\/www.foxbusiness.com\/economy\/mortgage-rates-reach-5-first-time-over-a-decade\" target=\"_blank\" rel=\"noopener\">reached 5%<\/a> last week, a high not seen in more than a decade. Since the start of the year, rates have climbed more than 1.9%.\u00a0<\/p>\n<p>Meanwhile, the median home price in the country hit a new record high of $405,000 last month and the cost of materials continues to soar \u2013 leading to more buyers being priced out of the market.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/real-estate\/high-inflation-homebuyers-relocating-more-affordable-areas-record-numbers\" target=\"_blank\" rel=\"noopener\"><strong>HIGH INFLATION HAS HOMEBUYERS RELOCATING TO MORE AFFORDABLE AREAS IN RECORD NUMBERS<\/strong><\/a><\/p>\n<p>&#8220;Despite low existing inventory, builders report sales traffic and current sales conditions have declined to their lowest points since last summer as a sharp jump in <a href=\"https:\/\/www.foxbusiness.com\/category\/home-mortgage\" target=\"_blank\" rel=\"noopener\">mortgage rates<\/a> and persistent supply chain disruptions continue to unsettle the housing market,&#8221; NAHB Chairman Jerry Konter said in a statement.\u00a0<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/04\/931\/523\/Home-Frame-.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>Homebuilder sentiment declined in April for the fourth straight month.<\/span><span> (FNC \/ Fox News)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/a><\/p>\n<p>&#8220;Policymakers must take proactive steps to fix supply chain issues that will reduce the cost of development, stem the rise in home prices and allow builders to increase production,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advisors Capital Management partner Joanne Feeney argues the housing market isn&#8217;t dead despite rising mortgage rates. Homebuilder sentiment slipped for the fourth month in a row in<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1445108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1445108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1445108"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1445108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1445108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1445108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1445108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}