Morale Improves In Wild US Housing Amid Steep Drop In Mortgage Rates

US homebuilders were in a slightly better mood this month, survey data released on Monday showed. Builder sentiment rose in December for the first time since July. It's amazing what lower mortgage rates can do to improve morale. At 37, the NAHB gauge matched estimates. I doubt I need to recapitulate. Nevertheless. Sentiment fell every month in 2022 as the Fed dialed up the most aggressive rate-hiking campaign in a generation and buyers struggled with an increasingly onerous affordability calcu