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U.S. homebuilder sentiment drops to seven-month low amid surging mortgage rates

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April 18, 2022
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By Lucia Mutikani WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting out some first-time buyers from the market, a survey showed on Monday.

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