U.S. builders concerned about high interest rates, elevated costs: survey


  • World
  • Wednesday, 18 Dec 2024

WASHINGTON, Dec. 17 (Xinhua) -- U.S. builders are voicing concerns over high interest rates, rising construction costs, and a shortage of available lots, but they have shown increased optimism about higher sales expectations in the coming months, according to a survey released Tuesday.

Builder sentiment held steady to end the year as high home prices and mortgage rates offset renewed hope about a better regulatory business climate in 2025, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) said in its new survey.

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