U.S. home builders pressed lawmakers on Tuesday to roll back what they describe as a growing web of federal regulations that they say is exacerbating the nation's housing affordability crisis by constraining supply and inflating construction costs.
U.S. homebuilder sentiment weakened at the start of the year, underscoring persistent affordability strains on buyers even as mortgage rates show early signs of easing.
U.S. home remodelers ended the year with a brighter outlook, even as higher costs and economic uncertainty continued to weigh on household spending decisions.
Mortgage borrowing costs in the United States have fallen to their lowest levels in three years, providing a welcome boost to prospective homeowners amid steady economic growth.
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