Economics
U.S. Homebuilder Sentiment Falls to 11-Month Low in July
- Index fell for a second month amid high prices, supply issues
- Current sales gauge at 11-month low, future sales index higher
Photographer: Emily Elconin/Bloomberg
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Confidence among U.S. homebuilders pulled back in July to an 11-month low as builders contend with elevated materials prices and ongoing supply shortages.
A gauge of builder sentiment decreased for a second month to 80 from 81 in June, National Association of Home Builders/Wells Fargo data showed Monday. The median forecast in a Bloomberg survey of economists called for no change in the index from the month before.