Homebuilding confidence drops to 7-month low amid surging mortgage rates - KSL.com

Surging mortgage rates and snarled supply chains boosted housing costs, shutting out some first-time buyers from the market, a survey showed on Monday.

Estimated read time: 4-5 minutes WASHINGTON Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing co… [+4356 chars]

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