The numbers: Home-builder confidence plunged to the lowest level ... because as the cost of construction rises, so does the ...

According to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence ticked up a notch from 39 to 40 in April. A reading of 50 or above ...

D.R. Horton, the nation’s largest home builder, missed earnings and sales ... affordability constraints and declining consumer confidence,” said Executive Chairman David Auld.

Here are the main takeaways from the National Association of Home Builders' latest report ... The index is a gauge of builder confidence in the market for single-family housing.