American homebuilders' confidence fell to its lowest level in 14 years this month, with mortgage interest rates exceeding 7%, labor shortages, and high supply costs continuing to impact the housing market. According to data released by the National Association of Home Builders and Wells Fargo Bank, the housing market index fell 3 points to 29, the lowest level since June 2012. The median estimate of economists surveyed by Bloomberg was 31. The index below 50 means that there are more builders who think the market is in poor condition than those that think it is in good condition. The index has been below this level for more than two consecutive years. The indicator that measures current sales conditions fell to 33, also the lowest in 14 years. Expected future sales indicators fell to their lowest level since November 2022. The potential buyer traffic index fell to its lowest level since the outbreak of the epidemic.

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