Homebuilder Sentiment Soars as Mortgage Rates Plummet
TL;DR
Homebuilder sentiment in the U.S. housing market rebounded in December as mortgage rates fell, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index rose three points to 37, slightly exceeding expectations, following a six-point drop in November. The decline in mortgage rates has led to increased buyer interest, with builders reporting an uptick in traffic. The recent decline in rates has sparked optimism among homebuilders, who believe that the worst may be over for the housing market.
Topics:businesseconomy#economy#federal-reserve#homebuilder-sentiment#housing-market#mortgage-rates#national-association-of-home-builders
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