- In August, builder confidence hit its lowest point in 5 years. Rising material costs and tariff anxiety are weighing on builders.
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- Existing home sales rose 2% in July, topping forecasts. With prices up more than 40% since 2020, affordability remains a major challenge for buyers.
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- Purchase mortgage applications were nearly flat last week but still ran 23% above last year and were at their strongest pace in 4 weeks.
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