Reported about 1 month ago
Homebuilder confidence reached a four-month high in October, largely attributed to falling interest rates. NAHB CEO Jim Tobin highlighted that builders feel optimistic about a recovering market, although political uncertainties surrounding upcoming elections create a cautious atmosphere. He stressed the importance of legislative focus on housing supply rather than just price control, suggesting that both presidential candidates prioritizing housing policy enhances credibility among builders.
Source: YAHOO