Confidence Rises Among US Home Builders as They Await Fed Move
- Outlook for next six months sees biggest gain since January
- Rising sentiment lets builders reduce use of price cuts
Contractors frame walls on a house under construction in Folsom, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Confidence among US home builders rose in September for the first time in six months, just before the Federal Reserve is expected to cut interest rates from the current two-decades high.
A gauge of housing market conditions from the National Association of Home Builders and Wells Fargo climbed 2 points to 41 this month, matching the median estimate of economists surveyed by Bloomberg. All regions saw an increase.