Homebuilder sentiment in September fell three points to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest level since may of 2014, with the exception of a short-lived drop at the start of the coronavirus pandemic in 2020. Nearly a quarter of homebuilders also reported lowering home prices, up from 19% in August. The Federal Reserve, meanwhile, is expected to again raise its benchmark rate this week as inflation remains high.Read Long Article
