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Homebuilder sentiment in US tumbles to lowest level since 2015
Waning optimism underscores concern that housing is at risk of slipping into a more pronounced slowdown
Add BT as a preferred sourcePublished Tue, Dec 18, 2018 · 09:50 PM
Washington
SENTIMENT among US homebuilders fell in December to the lowest level since 2015, missing all forecasts and signalling that the industry's struggles are intensifying amid elevated prices and higher borrowing costs.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index dropped to 56 from 60 in November amid broad-based declines across sales, expectations and buyer traffic, data released on Monday showed.
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