U.S. homebuilder confidence remains low, as declining loan rates fail to resolve the housing market impasse

This month, the confidence of U.S. home builders remains at one of the lowest levels in recent years, highlighting that despite a recent decline in mortgage rates, the housing market remains deeply sluggish. The market conditions index released by the National Association of Home Builders (NAHB) and Wells Fargo remained at 32 in September, which is not far from economists' expectations, and has been hovering at the lower end of the 30 range since May. An index below 50 indicates that more builders believe market conditions are poor rather than good