Skip to content
Markets
Economics

US Homebuilder Sentiment Falls for a Ninth Month in Record Slide

  • Sales expectations worsened in September amid higher mortgages
  • Over half of builders reported using incentives to boost sales
Bloomberg business news
Housing Market Bending, Not Breaking on Rates: Evercore Analyst
Updated on

A gauge of US homebuilder sentiment declined for a ninth straight month in September as mortgage rates continued to climb, further accelerating the housing-market cool-down.

The National Association of Home Buyers/Wells Fargo gauge decreased by three points to 46, figures showed Monday. Homebuilder sentiment has fallen every month this year, the longest stretch of declines in data back to 1985.