Builder Confidence Plunges To ALT-A/Subprime Virus Levels Of 2007 (30)

The Wuhan virus is sweeping the globe (albeit slowing down in the USA), and is having a similar effect on the economy like the ALT-A/Subprime virus of 2007.

This virus has led to a lockdown of commerce, while the ALT-A/subprime crisis of 2007 did not lead to social distancing and government-mandate closures. Same result, although this virus is worse than Big Short virus.

builderconf

Builder confidence is only at 30.

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