US Homebuilder Sentiment Reaches Four-Month High on 2025 Outlook
- Gauges of present sales, outlook, prospective buyers all rose
- Prospect of lower mortgage rates fuels optimism about demand
Workers build homes in Lillington, North Carolina.
Photographer: Allison Joyce/BloombergThis article is for subscribers only.
Sentiment among US home builders jumped to a four-month high this month, with the prospect of lower mortgage rates fueling optimism about demand for new houses in the coming year.
A measure of housing market conditions from the National Association of Home Builders and Wells Fargo increased for a second straight month to 43 in October. That beat the median estimate of 42 in a Bloomberg survey of economists.