U.S. homebuilder outlook eases while hovering near 18-year high

HOMEBUILDERS REMAIN CONFIDENT that demand for new homes will be strong even if interest rates rise as expected. / BLOOMBERG NEWS FILE PHOTO/CAITLIN O'HARA
HOMEBUILDERS REMAIN CONFIDENT that demand for new homes will be strong even if interest rates rise as expected. / BLOOMBERG NEWS FILE PHOTO/CAITLIN O'HARA
WASHINGTON – Confidence among U.S. homebuilders slipped to a four-month low in March while remaining above historical averages, indicating developers expect demand to withstand rising mortgage rates, according to data from the National Association of Home Builders/Wells Fargo. Highlights of homebuilder sentiment The Housing Market Index slipped in March to 70 (estimates were 72), while the February…

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