Real Estate

Homebuilder sentiment drops to a decade low


Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022.

David Paul Morris | Bloomberg | Getty Images

Homebuilder sentiment in the single-family housing market fell to the lowest level in a decade in November, as builders continue to struggle with higher costs for labor and materials and lower demand from homebuyers.

A monthly sentiment index from the National Association of Home Builders dropped 5 points from October to 33. That is the eleventh straight monthly decline and the lowest level since June 2012, with the exception of a very brief drop at the start of the Covid-19 pandemic that…


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