Markets
5.3
US Homebuilder Confidence Hits 14-Year Low as NAHB Index Falls to 29
Published 2 d ago1 sourceEvidence: Unknown
SeverityModerateInterfaxLow-rated sourceUS
US single-family building permits fell to a multi-year low as mortgage rates above 7.4% and record-low pending sales prompt developers to cut projects amid an oversupply of unsold homes. This signals a sharp contraction in the housing sector, which is likely to weigh on economic growth and could influence Fed policy expectations.
Entities
Published 2 d ago1 sourceEvidence: Unknown
Published 1 d ago2 sourcesEvidence: Reported
Published 21 h ago2 sourcesEvidence: Reported
Published 1 d ago2 sourcesEvidence: Reported
Published 6 h ago2 sourcesEvidence: Reported
Published 11 h ago2 sourcesEvidence: Reported
Published 2 d ago1 sourceEvidence: Reported
Published 5 h ago1 sourceEvidence: Reported