US homebuilder sentiment dips back to lowest level since late 2022

US Homebuilder Sentiment Dips Back to Lowest Level Since Late 2022

US homebuilder sentiment dips back to lowest level since late 2022

A gauge of U.S. homebuilder sentiment fell unexpectedly in August, slipping back to its lowest level in more than two-and-a-half years, with more than a third of residential construction firms cutting prices and roughly two-thirds of them offering some form of incentive to lure buyers sidelined by still-high mortgage rates and economic uncertainty.