Reported 3 days ago
US homebuilder sentiment rose to a seven-month high in November, fueled by optimistic sales expectations and the belief that a Trump administration will loosen regulations. The National Association of Home Builders reported a three-point increase in their housing market index to 46, with improvement noted in sales outlook and buyer traffic. While some builders are using incentives to attract buyers amid a sluggish existing-home market, experts caution that recovery in homebuilding could be slow due to high mortgage rates and potential labor shortages.
Source: YAHOO