Reported about 1 month ago
Homebuilder confidence saw a rise in October, with the National Association of Home Builders/Wells Fargo Housing Market Index increasing to 43, despite an uptick in mortgage rates. The increase marks the second consecutive monthly gain, fueled by recent actions from the Federal Reserve aimed at reducing interest rates. Although mortgage rates recently reached a high of 6.44%, builders are optimistic about future conditions, with more reporting sales incentives and price reductions to stimulate sales.
Source: YAHOO