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U.S. homebuilder sentiment turns negative for first time in five months

STORY: U.S. homebuilder sentiment turns negative for first time in five months DATELINE: Sept. 19, 2023 LENGTH: 00:01:02 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of construction sites 2. various of local residential areas STORYLINE: U.S. homebuilder confidence dropped below the key break-even measure of 50 for the first time in five months amid high mortgage rates, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Monday. Builder confidence in the market for newly-built single-family homes in September fell five points to 45, as persistently high mortgage rates above 7 percent continue to erode builder confidence, the association said in a statement. The decrease follows a 6-point drop in August. The average rate on the 30-year fixed mortgage has been over 7 percent since June, due to the U.S. Federal Reserve's aggressive rate hikes since March last year. The target range for the federal funds rate is at 5.25 percent to 5

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Golden silk folding screens dedicated to Izumo Taisha

MATSUE, Japan - Golden folding screens made of silk dedicated to Izumo Taisha, a Shinto shrine in Izumo, by a homebuilder in Gunma Prefecture is seen on Nov. 11, 2014, in the city in Shimane Prefecture. The screens were dedicated to celebrate last month's wedding of Kunimaro Senge, a son of the chief priest, and Princess Noriko -- now Noriko Senge -- a daughter of Emperor Akihito's late cousin Prince Takamado.

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Mizutani to become Misawa Homes president Dec. 1

TOKYO, Japan - Chiyoji Misawa (L), president of homebuilder Misawa Homes Holdings Inc., and Vice President Kazuo Mizutani speak to reporters at a hotel in Tokyo on Nov. 21 about Misawa's resignation from the presidency. Mizutani will replace Misawa, founder of the company, on Dec. 1.

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Daiwa House's antiquake facility shown in Mie Pref.

Japan's major homebuilder Daiwa House Industry Co. shows to the press "Try Ie Chubu," an anti-earthquake laboratory in Komono town, Mie Prefecture, western Japan, on July 16, 2015. The facility was built to raise public awareness and prepare for a possible Nankai Trough mega-earthquake. (Kyodo) ==Kyodo

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Daiwa House to rent out additional robot suits for nursing care

Daiwa House Industry Co. shows three types of self-support assistive robotic suits "Robot Suit HAL" in Osaka, western Japan, on April 13, 2015. The major homebuilder, also known for services of selling, leasing and renting robotic products, will begin renting out these types of robotic suits, produced by Cyberdyne Inc., to nursing care and welfare facilities from May 1. (Kyodo) ==Kyodo

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Limb-assisting "HAL" gear leased to nursing care facilities

Photo taken in Osaka, western Japan, on April 13, 2015, shows three types of the "HAL" self-support assistive exoskeleton, produced by Cyberdyne Inc., a venture company based in Tsukuba, Ibaraki Prefecture, northeast of Tokyo. Major Japanese homebuilder Daiwa House Industry Co. has been leasing them to nursing care and welfare facilities. (Kyodo) ==Kyodo

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Golden silk folding screens dedicated to Izumo Taisha

MATSUE, Japan - Golden folding screens made of silk dedicated to Izumo Taisha, a Shinto shrine in Izumo, by a homebuilder in Gunma Prefecture is seen on Nov. 11, 2014, in the city in Shimane Prefecture. The screens were dedicated to celebrate last month's wedding of Kunimaro Senge, a son of the chief priest, and Princess Noriko -- now Noriko Senge -- a daughter of Emperor Akihito's late cousin Prince Takamado. (Kyodo)

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Mizutani to become Misawa Homes president Dec. 1

TOKYO, Japan - Chiyoji Misawa (L), president of homebuilder Misawa Homes Holdings Inc., and Vice President Kazuo Mizutani speak to reporters at a hotel in Tokyo on Nov. 21 about Misawa's resignation from the presidency. Mizutani will replace Misawa, founder of the company, on Dec. 1. (Kyodo)