Times of IndiaLean R·
No buyers, higher costs: US homebuilder confidence hits 14-year low
Homebuilder confidence in the United States has declined significantly as rising mortgage rates impact the housing market. Builders face increased construction costs and labor shortages, making it difficult to meet demand. A growing stock of unsold homes has led to reduced construction on new projects. Additionally, many builders are offering price cuts and incentives to attract hesitant buyers.
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