Builder confidence rose slightly in December but remains low, with 40% of builders cutting prices and 67% offering incentives. Entry-level homebuilders face the greatest challenges due to shrinking margins and weak demand.
The company’s main platform, SwiftGov, is designed to help local governments reform zoning and permitting systems while keeping sensitive municipal data on U.S. servers.
The drop is attributed primarily to economic volatility, specifically high interest rates, general uncertainty and observed swings in the stock market.