The confidence of construction companies in the United States deteriorated in November at the highest rate since February 2014

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The US Construction Companies Confidence Index in November showed a record fall rate since February 2014, having dropped by 8 points to the lowest since August 2016 level of 60 points, the National Association of Home Builders (NAHB) reported. Experts had not expected such a sharp drop, they had predicted a decrease in the index by only 1 point. Analysts point out that mortgage rates have fallen as a result of the rise of base interest rates by the Federal Reserve. And this, in turn, led to a fall in confidence of construction companies. NAHB Chief Economist Robert Dietz noted the stagnation of demand in the US real estate market.

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