August homebuilder sentiment surprises to downside

But first, breaking housing data just crossing. Diana Olic has that for us. Diana, that's right, Leslie.Builder sentiment in the single family housing market dropped one point to 32 in August on the NAHB index. The street was looking for a onepoint gain. Anything below 50 is considered negative.Last August, it stood at 39. Now, the builders pointed to elevated mortgage rates, weak buyer traffic, and ongoing supply side challenges. Mortgage rates though actually came down nearly a quarter point from the end ...