U.S. homebuilder sentiment hits seven-month high, boosted by Republican victory optimism.

Homebuilder sentiment in the U.S. reached a seven-month high in November, with the National Association of Home Builders' Housing Market Index rising to 46. This increase is attributed to optimism following the Republican victory, which builders hope will lead to less regulatory burden. Despite the boost in confidence, the industry still faces challenges like labor shortages, limited building lots, and high material costs.

November 18, 2024
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