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المشهد العربي
US homebuilder confidence hits yearly low
Homebuilder confidence in the United States has fallen to its lowest level in nearly a year, with the confidence index dropping to 32 points in September compared to market expectations of 34 points and 35 points in August. The main reasons are rising mortgage interest rates and declining consumer demand, along with labor shortages and increasing construction material costs. As a result, 38% of companies are reducing prices on their housing units to stimulate sales, with the average discount remaining steady at 6% for the sixth consecutive month. The sector has been affected by geopolitical tensions and rising oil prices, which have increased construction costs and dampened market sentiment.
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