U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low
1. Homebuilder sentiment dropped to lowest in five months, hitting 42 on HMI. 2. Concerns over tariffs are raising costs, impacting builder expectations for 2025. 3. Current sales conditions fell to 46, with buyer traffic down to 29. 4. Elevated mortgage rates and home prices are weakening affordability for buyers. 5. Builders noted reduced buyer demand affecting price incentives and sales.