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Tag: housing market index

  • HMI

Higher Mortgage Rates Hammer Builder Confidence in May

Robert DietzMay 15, 2024May 15, 202404 mins

With mortgage rates averaging above 7% for the past four weeks per data from Freddie Mac, builder sentiment posted its first decline since November 2023. Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing…

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