U.S. homebuilder sentiment fell to a five-month low in February, signaling negative outlooks amid tariff concerns. The NAHB Housing Market Index fell 5 points in February to 42, down from 48 a year ago. Builders face elevated mortgage rates above 7% and higher home prices, reducing affordability. Builders still anticipate higher costs from Trump's tariffs on Canada and Mexico. Tariff uncertainty adds to builders' cost concerns, with a significant share of appliances and softwood lumber relying on international trade.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Homebuilder sentiment fell to a five-month low in February,
00:06signaling negative outlooks amid tariff concerns.
00:08The NAHB housing market index fell five points in February to 42, down from 48 a year ago.
00:14Builders face elevated mortgage rates above 7% and higher home prices,
00:18further reducing affordability.
00:20Builders still anticipate higher costs from Trump's tariffs on Canada and Mexico.
00:23Tariff uncertainty is adding to builder cost concerns, with a significant share
00:27of appliances and softwood lumber relying on international trade.
00:31For all things money, visit Benzinga.com slash GSTV.