Construction workers work on the roof of a house being built in Alhambra, Calif., on Sept. 23, 2024. Frederic J. Brown/AFP via Getty Images
Housing affordability continues to pressure homebuyers and builders, with homebuilder confidence dropping for the second consecutive month to open the new year.
Builder confidence for erecting new single-family stick-built homes dipped by one point to 36 in February, the National Association of Home Builders (NAHB) and Wells Fargo said in their latest Housing Market Index report released on Feb. 17.
