![High Mortgage Rates Act as a Drag on Builder Confidence](https://eyeonhousing.org/wp-content/uploads/2024/06/June-24-HMI-600x400.jpg)
High Mortgage Rates Act as a Drag on Builder Confidence
Mortgage rates that continue to hover in the 7% range along with elevated construction financing costs continue to put a damper on builder sentiment. Builder confidence in the market for newly built single-family homes was 43 in June, down two points from May, according to…