Homebuilder sentiment drops for fourth straight month, as rising rates push housing to 'an inflection point' - CNBC


4/18/2022 12:00:00 AM3 years 10 months ago
by Diana Olick

Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.

Sharply rising mortgage rates are taking their toll on the nation's homebuilders, as already pricey new construction becomes even less affordable.  Builder confidence in the market for new single-fa… [+1958 chars]

full article...