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The drop in builder sentiment was concentrated in the Northeast, where the gauge slid to its lowest level in years. Confidence was unchanged in the South and Midwest but edged up in the West.

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in more than a decade outside of the pandemic amid elevated mortgage rates and high construction costs.

Confidence among American homebuilders held steady in February near the highest level since 1999, suggesting that demand for housing is expected to remain strong, according to data Feb. 15 from the National Association of 91ÊÓƵ Builders/Wells Fargo.

Confidence among U.S. homebuilders jumped in December to the highest level since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand, according to data Dec. 18 from the National Association of 91ÊÓƵ Builders/Wells Fargo.

Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.

Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma, according to data Sept. 18 from the National Association of 91ÊÓƵ Builders/Wells Fargo.

More confidence among U.S. home builders this month shows the industry remains optimistic that demand will keep growing in the face of rising property values, according to data May 15 from the National Association of 91ÊÓƵ Builders/Wells Fargo.

Confidence among U.S. homebuilders is the strongest since the mid-2000s housing boom as sales prospects improve despite rising mortgage rates, according to data March 15 from the National Association of 91ÊÓƵ Builders/Wells Fargo.

Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of 91ÊÓƵ Builders/Wells Fargo data showed May 16.

Confidence among U.S. homebuilders was unchanged at the start of year, indicating the residential real estate market was sustaining the steady progress made in 2015.