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US Homebuilder Sentiment Climbs to 35 Beating Forecasts

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • home builder sentiment unexpectedly rose to 35 in August, beating forecasts of 33.
  • Despite the modest uptick, builder confidence remains subdued below the key 50 threshold due to elevated mortgage rates, high fuel and material costs, and ongoing macroeconomic uncertainty.
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