In March, US homebuilder confidence reached an eight-month high of 51 due to easing mortgage rates and improved pricing environment.
Homebuilder confidence in the US housing market rose to an eight-month high in March, reaching 51, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The increase is due to easing mortgage rates and an improved pricing environment amid a limited existing home inventory. Builder sentiment has been improving this year, with a gauge of expected sales in the next six months reaching its highest level since June.
March 18, 2024
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