Confidence among U.S. homebuilders slid in October to the lowest level since record-keeping began in 1985, a sign the crisis in credit markets may deepen the worst housing recession in a generation.
The National Association of Home Builders/Wells Fargo index of builder confidence decreased to 14, less than forecast, from 17 in September, the Washington-based association [...]

In the current housing slump, construction has slowed significantly, and homebuilder confidence remains low.
The number of building permits for units of privately-owned housing built by a corporate developer fell nearly 18 percent in July from the month before, according to new residential construction data released yesterday by the U.S. Department of Housing and Urban Development. [...]

Construction of homes and apartments fell in July to the lowest level in more than 17 years, but some economists said the drop could aid the slumping housing sector by helping reduce a glut of unsold properties.
The Commerce Department on Tuesday said builders broke ground on 965,000 housing units on an annualized basis, down from [...]

Davis Homes, one of Central Indiana’s largest neighborhood developers and homebuilders will stop its normal business operations on July 23 due to a severe downturn in the housing market. Started in 1985, the local, family-owned company built more than 12,000 homes in more than 80 neighborhoods across Central Indiana but was hit hard by the [...]