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CNBC

Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates

CNBC
Summary
Nutrition label

76% Informative

Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index .

The decrease follows a 6 -point drop in August .

Current sales conditions fell 6 points to 51 , and sales expectations in the next six months also dropped 6 points.

Buyer traffic dropped 5 points to 30 .

VR Score

87

Informative language

94

Neutral language

42

Article tone

formal

Language

English

Language complexity

35

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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