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Homebuilder Sentiment Plunges to Five-Month Low Amid Tariff and Rate Concerns
The National Association of Home Builders' Housing Market Index fell 5 points to 42 in February, the lowest level in five months, primarily due to concerns over tariffs and high mortgage rates exceeding 7 percent, impacting affordability and decreasing buyer traffic and sales expectations.
Homebuilder Sentiment Plunges to Five-Month Low Amid Tariff and Rate Concerns
The National Association of Home Builders' Housing Market Index fell 5 points to 42 in February, the lowest level in five months, primarily due to concerns over tariffs and high mortgage rates exceeding 7 percent, impacting affordability and decreasing buyer traffic and sales expectations.
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