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Market on The Indeks: Housing.

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Construction at the Lincoln Park Affordable Housing project, used here as a file photo of US home building.

File photo: Photo: via Wikimedia Commons, Public domain.

Market · Data

Builders have lost their nerve, and the numbers say why

US builder confidence fell to 29 in October, the lowest since June 2012. A record share for this period, 43 percent of builders, cut prices, and buyer traffic hit its lowest level since April 2012 outside the pandemic.

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