US homebuilder confidence unexpectedly slumps in May

NAMPA / DPA

2025-05-15

Washington (dpa-AFX) - Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty, and the cloudy economic outlook, the National Association of Home Builders (NAHB) released a report on Thursday showing an unexpected slump in US homebuilder confidence in May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 34 in May after inching up to 40 in April. Economists ha......

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