Bidenflation Crashes Homebuilder Sentiment to Lowest Level in Two Years
The worst reading since the depth of the early days of the pandemic and lockdowns.

The worst reading since the depth of the early days of the pandemic and lockdowns.
The infamous Twitter Fail Whale came to mind today when shares of Twitter fell below where they had closed on the day before Elon Musk announced his acquisition of a big stake in the company.
Skyrocketing prices for materials and widespread shortages are behind the surprise decline in building activity in January.
Another sign that supply chain issues, inflation, and omicron are further disrupting the economy.
Strong demand and a moderation in the price of lumber boosted homebuilder sentiment in September.