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flag US homebuilder confidence hit a low since December 2022 due to high interest rates and economic uncertainties.

flag US homebuilder confidence dropped unexpectedly in May to its lowest point since December 2022, falling to 34 from 40 in April. flag This decline, attributed to high interest rates, tariff concerns, and uncertain building material costs, affected all aspects of the housing market, including sales conditions and prospective buyer traffic. flag Despite the downturn, builders remain hopeful that future trade negotiations and tax policy progress could stabilize the economic outlook and boost housing demand.

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