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Homebuilders 'cautiously optimistic' market conditions will improve


File - A new housing development is shown in Middlesex Township, Pa., on Oct 12, 2022. On Tuesday, the Labor Department reports on U.S. consumer prices for January. The consumer price index is closely watched by the Federal Reserve, which has raised interest rates eight times in the past year in an attempt to cool the economy and bring down inflation. (AP Photo/Gene J. Puskar, File)
File - A new housing development is shown in Middlesex Township, Pa., on Oct 12, 2022. On Tuesday, the Labor Department reports on U.S. consumer prices for January. The consumer price index is closely watched by the Federal Reserve, which has raised interest rates eight times in the past year in an attempt to cool the economy and bring down inflation. (AP Photo/Gene J. Puskar, File)
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