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US Homebuilder Confidence Crashes To 14 Year Low, Blame Mortgage Rates & Immigration American homebuilder confidence crashed to 29 in October - down from 32 in September and worse than the 31 print expected as rising mortgage rates, energy and material costs, and worsening labor…
The NAHB/Wells Fargo Housing Market Index, a gauge of builder confidence in the market for newly built single family housing, fell three points to 29 in October. That’s the lowest reading since June 2012.
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