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المشهد العربي
Homebuilder confidence in US up in August
U.S. homebuilder confidence has been declining continuously for 16 months, as construction costs have risen and mortgage rate pressures remain, with the index staying below 40 points and remaining below the neutral level of 50 for over two years. Data indicates that rising prices for gasoline and diesel have increased expenses, which has weakened buyers' purchasing power and led to a decline in demand for homes.
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