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
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]
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