Morning Business Report: Builder struggles, Netflix momentum, potential rail merger
Builder confidence has remained in negative territory for 15 straight months, prompting more aggressive sales strategies.
(LILAMAX)- It’s a challenging season for the U.S. housing market, as homebuilders continue to face headwinds. Builder confidence has remained in negative territory for 15 straight months, prompting more aggressive sales strategies. According to the National Association of Home Builders, 38% of builders reported cutting home prices in July — the highest level since the group began tracking the metric…