Builder-confidence index rises to highest level since August 2022
The numbers: Home-builder confidence rose in February, with the industry expecting the Federal Reserve to cut interest rates later this year, which could boost demand for homes.
Expectations about a potential rate cut and a drop in mortgage rates in the coming months pushed the National Association of Home Builders’ monthly confidence index up 4 points to 48 in February, the trade group said on Thursday.
The…
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