Homebuilders’ confidence has dropped by most since 2014, as higher borrowing costs crimped demand. Photo: Bloomberg

US homebuilders’ confidence drops most in four years as rates rise

  • Though the National Association of Home Builders/Wells Fargo Housing Market Index remains in positive territory, policy makers are urged to use it as a gauge for the broader economy
Topic |   International Property

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Homebuilders’ confidence has dropped by most since 2014, as higher borrowing costs crimped demand. Photo: Bloomberg
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