U.S. HOUSING MARKET CONFIDENCE HITS 14-YEAR LOW U.S. homebuilder sentiment fell to 29 in October, its lowest since June 2012, as mortgage r…
U.S. HOUSING MARKET CONFIDENCE HITS 14-YEAR LOW
U.S. homebuilder sentiment fell to 29 in October, its lowest since June 2012, as mortgage rates climbed above 7%.
A record‑high 43% of builders cut prices, with average discounts of 6%, while nearly two‑thirds offered sales incentives.