Homebuilders Expect Sales To Improve in Coming Months Following Fed Rate Cut

“Homebuilder sentiment rose this month to its highest level since April, as builders pinned their hopes on Federal Reserve rate cuts to revive the housing market.

Overall builder confidence in the market for newly built single-family homes was at 37 in October, up 5 points from September and the highest in six months, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday.”

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