Confidence among U.S. home builders slumping

Soaring mortgage rates and persistently high prices for building materials made new housing less affordable for many first-time buyers in the U.S., causing the confidence among single-family homebuilders to fall for the ninth straight month in September.

#USA #Economy #Business #News #Reuters

Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.