By Amina Niasse NEW YORK (Reuters) - U.S. homebuilder confidence fell for a second month in September, with optimism dropping to the lowest since April ...
By Amina Niasse NEW YORK - U.S. homebuilder confidence fell for a second month in September, with optimism dropping to the lowest since April as high interest rates cut into affordabilitySaltWire's Atlantic regional weather forecast for September 18, 2023 | SaltWireNEW YORK - U.S. homebuilder confidence fell for a second month in September, with optimism dropping to the lowest since April as high interest rates cut into affordability for prospective buyers.
Confidence was below a Reuters poll showing the median expectation among economists was for a reading of 50. With homeowners discouraged from selling due to higher interest rates, the homebuilder market had shown signs of recovering during the first half of 2023 as demand for new home construction increased. The latest data, though, suggest that recovery has faltered.