Reported 2 days ago
In February, sentiment among US homebuilders dropped to its lowest point since before Trump took office, primarily due to high mortgage rates and worries regarding tariff costs. The National Association of Home Builders reported a decrease in their housing market gauge to 42, with a significant drop in expectations for the next six months and declines in current sales and buyer traffic. Builder confidence fell across all US regions, reflecting concerns over escalating costs and a limited pool of buyers amidst record-high home prices.
Source: YAHOO