
NAHB Housing Market Index Declines in July Amid Rising Mortgage Rates
The National Association of Home Builders (NAHB) Housing Market Index edged down in July, reflecting the impact of higher mortgage rates on builder confidence and the broader housing market.
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Here's why the housing market is hurting so much this summer
Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.
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