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Homebuilder Confidence Plummets Amid Tariff Uncertainties

2/22/2025

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Summary

Story summary

Homebuilder confidence dropped to a 5-month low, with sales expectations at a 14-month low amid tariff uncertainties.
Mortgage rates stabilized, benefiting homebuyers as spring nears, despite mixed signals on new listings and sales.
Cold weather slowed cattle movement, while beef production is projected to increase by 3% in 2025.
U.S. hot-rolled steel prices rose to $815/ton, 17.8% higher than imports, marking the widest margin in a year.

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Story summary

Homebuilder confidence dropped to a 5-month low, with sales expectations at a 14-month low amid tariff uncertainties.
Mortgage rates stabilized, benefiting homebuyers as spring nears, despite mixed signals on new listings and sales.
Cold weather slowed cattle movement, while beef production is projected to increase by 3% in 2025.
U.S. hot-rolled steel prices rose to $815/ton, 17.8% higher than imports, marking the widest margin in a year.