Economics
Homebuilder Sentiment in U.S. Drops to Lowest in Seven Months
- April NAHB index decreases to 77, fourth-straight decline
- Current sales, prospective buyer traffic weakened this month
New homes under construction in Carlsbad, California.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
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U.S. homebuilder sentiment fell to a seven-month low as rising mortgage rates and high asking prices led to declining sales and prospective buyer traffic.