# Builders Slash Home Prices As Confidence Sinks To 14-Year Low

> Dallas homebuilders cut prices as confidence hits 14-year low.
- Title: Builders Slash Home Prices As Confidence Sinks To 14-Year Low
- Summary: Dallas homebuilders cut prices as confidence hits 14-year low. Dallas homebuilders cut prices amid 14-year low confidence as mortgage rates rise.
- Keywords: dallas, homebuilders, confidence, mortgage rates, new home prices, tarrant fort worth, na hb, wells fargo, news, politics, Builders, Slash
- Source: Dallas Express — https://dallasexpress.com/realestate/builders-slash-home-prices-as-confidence-sinks-to-14-year-low
- Author: Dallas Express
- Published: 2026-10-20T11:00:49+00:00
- Read time: 1 min
- Topics: dallas, homebuilders, confidence, mortgage rates, new home prices, tarrant fort worth, na hb, wells fargo, news, politics
## Homebuilder confidence sinks
Homebuilder confidence sank to a 14-year low in October as mortgage rates rose.
## 43% cut prices
43% of builders reported price cuts amid rising mortgage rates and construction costs.
## Index falls to 29
The NAHB/Wells Fargo index fell three points to 29, its weakest since June 2012.
## Sales incentives widespread
65% of builders reported sales incentives, the 19th consecutive month with at least 60% using them.
## Dallas-Fort Worth sales weaken
Dallas-Fort Worth home sales fell 7% year-over-year to 6,759 in September.
## Mortgage rates rise
The average 30-year mortgage rate rose to 7.40% from 6.66% in August.
## Key takeaway

Dallas homebuilders cut prices amid 14-year low confidence as mortgage rates rise.