US homebuilder sentiment drops to one-year low
US homebuilder sentiment fell to a one-year low in September as rising mortgage rates and higher costs dampened housing demand. The index dropped to 32, reflecting labor shortages and tariffs.
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United States homebuilder sentiment dropped three points to 32 in September, hitting a 12-month low as surging borrowing costs stalled buyer demand. The decline marks the lowest reading since September 2025, falling from 35 in August, according to the National Association of Home Builders and WELLS FARGO & CO. Economists polled by Reuters had anticipated a more modest easing to 34.
