U.S. builder confidence index remains unchanged in September, while expectations of rate cuts drive sales expectations higher.
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最新报道：According to Bijie.com, on September 16 (UTC+8), the US Builder Confidence Index remained unchanged in September, but lower mortgage rates and market expectations of an imminent Federal Reserve cut in the federal funds rate have driven higher home sales expectations for the coming months. Buddy Hughes, President of the National Association of Home Builders (NAHB), stated that while builders are still grappling with rising construction costs, the recent decline in mortgage rates over the past month should help stimulate housing demand. NAHB Chief Economist Robert Dietz noted, "The Federal Reserve is expected to cut the federal funds rate at this week's meeting, which will help lower loan rates for builders and developers. Furthermore, according to Freddie Mac data, the average rate on a 30-year fixed-rate mortgage fell 23 basis points to 6.35% over the past four weeks. This is the lowest level since mid-October of last year and a positive sign for future housing demand."
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