Reflecting rapidly rising interest rates combined with ongoing home price increases and higher construction costs, the National Association of Home Builders released a report on Monday showing a continued deterioration in U.S. homebuilder confidence in the month of April.
The report showed the NAHB/Wells Fargo Housing Market Index fell to 77 in April from 79 in March, with the decrease matching economist estimates.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.