U.S. Home-Builder Sentiment Falls to 14-Year Low
The NAHB/Wells Fargo Housing Market Index fell to its lowest level in 14 years, with high mortgage rates, elevated costs and worsening labor conditions weighing on builder confidence.
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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.