【CNBC】 Homebuilder sentiment drops to half of what it was six months ago

• Homebuilder sentiment in the single-family home market fell 8 points to 38 in October from the previous month.
• Builders cite rapidly rising interest rates for the drop in confidence.
• The average rate on the 30-year fixed was more than 7% this week, up from 3% at the start of this year.

READ MORE