Homebuilders’ outlook posts unexpected drop for first time this year

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Homebuilder sentiment unexpectedly posts first drop in 2019 Sentiment among homebuilders unexpectedly posted the first decline this year, suggesting lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers.

1 day ago · Home builders fell broadly after the National Assn. of Realtors reported a 1.7% drop in sales of previously owned homes in june. rising prices and a scarce supply of homes have been making it more.

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 · Output is now 3.1% below the level of a year ago, which is the first time it has registered an annual decline since May 2013. Construction firms have complained in recent months about the.

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Homebuilders’ outlook posts unexpected drop for first time this year June 17, 2019 June 17, 2019 The Real Deal NY 1 Views Confidence among the country’s homebuilders took an unexpected dip in June amid concerns over rising costs and trade issues.