Homebuilder confidence surges to highest level in nearly two years, thanks to lower mortgage rates

U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales.  Builder confidence in the single-family market jumped 3 points in October to 71 on the National Association of Home Builders/Wells Fargo Housing Market Index, or HMI. That is the highest level since February 2018...