How the Iran war is hitting U.S. homebuilders

Homebuilder sentiment dropped sharply in April, according to a monthly index from the National Association of Home Builders.

The war with Iran has pushed mortgage rates higher and layered on large increases in costs for materials and transportation due to the spike in oil prices.In April on everything from foam insulation and roofing to windows and doors, This also touches on aspects of wall street.

A slew of building suppliers reported price hikes.

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