US Home Builder Sentiment Rises Slightly in May Amid Persistent Pessimism
U.S. home builder sentiment improved slightly to a reading of 37 in May from 34 the previous month, but remains below the break-even level for the 25th consecutive month due to inflationary pressures and economic uncertainty linked to the war in Iran. Rising mortgage rates and higher construction material costs continue to challenge affordability.
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Topics: builder sentiment housing market inflation mortgage rates