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US Homebuilder Sentiment Falls to Two-Year Low on Softer Demand

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Homebuyer Challenges

US homebuilder sentiment slid to a two-year low in June as rising inflation and higher mortgage rates weighed on housing demand. 

The National Association of Home Builders/Wells Fargo gauge decreased two points in June to 67, the lowest level since June 2020, figures showed Wednesday. That marked the index’s sixth straight decline.