US NAHB August housing market index 50 vs 56 expected

<ul><li><a href="https://www.forexlive.com/news/us-june-nahb-housing-market-index-55-vs-51-expected-20230619/" target="_blank" rel="follow">Prior </a>was 55 </li><li>Current single family home sales 57 versus 61 in June</li><li>home sales over next 6 months 55 versus 62 in June </li><li>index of prospective buyers 34 versus in 40 June</li></ul><p>The big news among home builders today is that Berkshire Hathaway revealed a stake in D.R. Horton in a filing. With this data point, you can see the impact of higher rates. Currently, the 30-year fixed is tracking at a cycle high and it seems as though when rates get a 7-handle, the buying stops.</p>

This article was written by Adam Button at www.forexlive.com.