Homebuilder sentiment falls to 2-year low on declining demand and rising costs - CNBC

"Housing leads the business cycle, and housing is slowing," said NAHB Chairman Jerry Konter, a builder and developer.

Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no relief. Sentiment fell an outsized 8 points to 69 in … [+2447 chars]

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