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Housing and Urban Planning
Home builder confidence slips off nine-year highs
Home builder confidence slips off nine-year highs

Home builders are taking a slightly dimmer view of the housing market, but they’re still generally bullish. The National Assn. of Home Builders reported Thursday that its member confidence index slipped in October, ending a four-month run of gains that led to a nine-year high last month. The index remains in positive territory, though. “While there was a dip this month, builders are still positive about the housing market,” said NAHB chief economist David Crowe. “Historically low mortgage interest rates, steady job gains and significant pent-up demand all point to continued growth.” As has been the case for much of this year, builders were most...

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