Homebuilder sentiment drops to lowest point in a year, but falling rates spur some optimism
PUBLISHED THU, NOV 16 202310:00 AM ESTUPDATED TUE, NOV 21 202311:23 AM EST
By: Diana Olick
WATCH NOWVIDEO02:05Homebuilder sentiment drops to lowest point in a year
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon.
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