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Builders Struggle as Confidence Plummets | Real Estate News
Homebuilder confidence is stuck in the basement—down for 16 straight months—with only 39% of builders optimistic about current sales. High mortgage rates and inflation are crushing buyer demand, while 35% of builders slash prices (average 6% off) and 63% offer incentives like rate buy-downs to move units. Experts warn this slump mirrors the painful downturns after the 90s and mid-2000s recessions, with slowing sales, falling prices, and rising inventory making it a brutal environment for new home construction. Listen in comfort:Get a discount on a Soli Pillow…
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