Home Builder Confidence Posts Historic Decline Because of Coronavirus Pandemic, Says NAHB
Reflecting the growing effects of the COVID-19 pandemic, home builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The decline in April was the largest single monthly change in the history of the…