Housing Market Crosscurrents Confound Buyers As Builder Sentiment Recoups Losses

It's amazing what expectations for lower interest rates can do to bolster sentiment across an economy. The mood among America's homebuilders improved for a third consecutive month in February, an update released on Thursday showed. At 48, the NAHB's gauge beat estimates and now sits at a six-month high. Recall that January's month-to-month gain, seven points, was tied for the largest since summer of 2020, when the US housing market rebounded from the original pandemic shock. If you don't i