U.S. Homebuilder Sentiment Falls to 10-Month Low on Cost Concern
Photographer: Luke Sharrett/Bloomberg
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Confidence among U.S. homebuilders declined in June to a 10-month low as elevated costs continued to dampen demand for new homes.
A gauge of builder sentiment fell to 81 this month from 83, National Association of Home Builders/Wells Fargo data showed Tuesday. The median forecast in a Bloomberg survey of economists called for no change from a month earlier.