Reflecting worries about rising interest rates, building material bottlenecks and elevated home prices, the National Association of Home Builders released a report on Tuesday showing a continued deterioration in U.S. homebuilder confidence in the month of October.
The report showed the NAHB/Wells Fargo Housing Market Index slumped to 38 in October from 46 in September. Economist had expected the index to dip to 43.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.