Reported 2 days ago
In February, U.S. homebuilder sentiment fell to its lowest level in five months, as concerns over tariffs and rising mortgage rates are expected to increase housing costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped five points to 42, negating gains made after the 2024 election. The decline reflects broader consumer sentiment issues, with rising tariffs on imported materials adding to the uncertainty for builders amidst a housing shortage and elevating inflation.
Source: YAHOO