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U.S. homebuilder confidence hits five-month low due to rising costs and tariff fears.
U.S. homebuilder confidence dropped to a five-month low in February, falling to 42 on the National Association of Home Builders (NAHB) Housing Market Index.
The decline is attributed to rising mortgage rates, high housing costs, and uncertainty over potential tariffs on imported materials, which could raise building costs.
Sales expectations for the next six months fell significantly, and the gauge for prospective buyer traffic also declined.
2 months ago
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