XHB NAHB homebuilder sentiment: 34 vs 35 est, prior 36. Homebuilder sentiment stayed below 40 for a 15th straight month, the longest stretch
XHB NAHB homebuilder sentiment: 34 vs 35 est, prior 36. Homebuilder sentiment stayed below 40 for a 15th straight month, the longest stretch since 2012, with 37% of Builders cutting prices. The NAHB cited high mortgage rates and economic uncertainty, noting rates are likely to stay elevated amid the renewed US-Iran conflict.
XHB NAHB homebuilder sentiment: 34 vs 35 est, prior 36.
Homebuilder sentiment stayed below 40 for a 15th straight month, the longest stretch since 2012, with 37% of Builders cutting prices.
The NAHB cited high mortgage rates and economic uncertainty, noting rates are likely to stay elevated amid the renewed US-Iran conflict.