U.S. homebuilder sentiment unexpectedly posts first drop in 2019

U.S. HOMEBUILDER sentiment posted its first decline in 2019 in June. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
U.S. HOMEBUILDER sentiment posted its first month-to-month decline in 2019 in June. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
WASHINGTON – Sentiment among United States homebuilders unexpectedly posted the first decline this year, suggesting lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers. The National Association of Home Builders/Wells Fargo Housing Market Index fell two points to 64 in…

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