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US homebuilder sentiment fell in June on higher lumber costs

from Bloomberg

Sentiment among U.S. homebuilders fell in June to match the lowest level this year, reflecting sharply elevated lumber costs, according to a recent report from the National Association of Home Builders/Wells Fargo. Tariffs on lumber and other imported materials are making construction more expensive, which in turn limits affordability for prospective buyers, according to the NAHB. more

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