SUMMARY: Homebuilder confidence collapsed in July with the biggest monthly drop since the pandemic however things are still quite positive in the South if you are looking for a silver lining, inventory levels continue to rise but Altos Research says rising inventory is starting to slow before falling again at the end of the year, and Ali Wolf has a great piece in MarketWatch that calls NIMBYs I have a new hero...

Sources:

• Homebuilder Confidence Plummets in July
• Housing Inventory Forecast for the Rest of 2022 (Altos Research)
• ALI WOLF: Only 10% of new homes now sell for less than $300,000... (MarketWatch)