U.S. Homebuilder Index Drops by Most Since '14 as Rates Rise
A contractor uses a nail gun while working on a townhouse under construction at the PulteGroup Inc. Metro housing development in Milpitas, California, U.S. (Photographer: David Paul Morris/Bloomberg)

U.S. Homebuilder Index Drops by Most Since '14 as Rates Rise

(Bloomberg) -- Confidence among U.S. homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that wi...
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