In the latest industry news, builder confidence has taken a hit as a result of elevated mortgage rates. This shift has sparked pessimism among builders, marking a significant change in sentiment within the industry.

Key points from the article include:
– Builder confidence has decreased for the first time in six months
– Elevated mortgage rates are cited as the primary driver behind the decline in confidence
– The shift in builder sentiment underscores the impact that interest rates can have on the real estate market
– For more information on this topic, please visit Weekly Real Estate News for the full article on builder confidence trends.

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