Homebuilders are getting nailed. 
Welcome to the Know the Difference Minute for Tuesday, October 18th.
It’s been a tough stretch for the housing market. Between high inflation and mortgage rates that are climbing, potential buyers are pulling back.  It’s a far cry from late 2020 when loans were cheap, houses sold quickly, and there were more real estate agents than houses for sale. 
Remember when the biggest issue for homebuilders was finding land to build on and the labor to do it?  Now, with the market softening, homebuilders are feeling the hurt. Confidence is at the lowest level since the beginning of the pandemic. The National Association of Home Builders Market Index has fallen for 10 consecutive months. 
The NAHB’s chief economist said this will be the first year since 2011 to see a decline for single-family housing starts. And it’s not expected to get better in 2023. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.