✉news BusinessReal Estate first seen 6 h ago, last 47 min ago, peak #11
US homebuilder sentiment falls as interest rates rise
Original: Builder sentiment falls as interest rates rise
Homebuilder sentiment in the United States has declined as interest rates climb, according to industry reporting. Higher borrowing costs are squeezing housing affordability and dampening builders' confidence in sales conditions. The slump adds to concerns that elevated mortgage rates are slowing residential construction, a key sector of the economy already struggling with high material and labour costs.
Why now: Rising interest rates are raising fears of a slowdown in the housing market and residential construction.
US homebuildersFederal Reserve
Evidence
- Builder sentiment falls as interest rates rise · Floor Covering News
API: https://socialmediatrends-api.osmike.com/v1/trends/756525