Homebuilders: Housing Market Is in Recession

Empire State Properties founder and president reacts to economist Mark Zandi warning a housing correction is coming on ‘Cavuto: Coast to Coast.’ Confidence among builders in the U.S. housing market plunged more than expected in August to the lowest level since the beginning of the COVID-19 pandemic as painfully high inflation and rising borrowing costs forced potential buyers to pull back. The National Association of Home Builders/Wells Fargo Housi …