US Homebuilder Sentiment Falls to Near 14½-Year Low in October
A survey showed US homebuilder sentiment fell to its lowest level in nearly 14½ years, with the Middle East conflict boosting mortgage rates and energy-related building-material prices.
US homebuilder sentiment plunged to the lowest level in nearly 14-1/2 years in October as the Middle East conflict boosted mortgage rates and prices of energy-related building materials, a survey showed on Monday.The National Association of Home Builders/Wells Fargo Housing Market index dropped thr…