Homebuilder confidence has dropped to its lowest point in five months, with the NAHB index falling to 42 in February.
The decline is driven by concerns over new steel and aluminum tariffs, persistent high mortgage rates around 7%, and overall high housing costs.
Builders are particularly worried about Trump’s upcoming 25% tariffs on imported steel and aluminum, which could significantly impact construction costs.
Original Source: Yahoo Finance
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485 Lexington Avenue, Suite 304 New York, NY 10017
[email protected]
(888) 319-8166
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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.
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