Homebuilder confidence hits worst slump since 2007 collapse

By Molly Smith | Bloomberg A gauge of US homebuilder sentiment declined for an eighth-straight month, marking the worst stretch since the housing market collapsed in 2007 amid higher borrowing costs and elevated prices. The National Association of Home Buyers/Wells Fargo gauge decreased by 6 points to 49 in August, figures showed Monday. The reading…

Homebuilder confidence hits worst slump since 2007 collapse — Daily Bulletin