According to Jinshi Data, the U.S. residential builder confidence index fell for the fourth consecutive month in August, reaching a low point this year. High loan interest rates and housing prices put pressure on builders and buyers.

Data showed that the builder confidence index fell 2 points to 39 in August from the revised level in July, lower than economists' expectations of 43. Both the flow of potential buyers and the current sales index fell to new lows this year.

However, a measure of sales expectations for the next six months rose 1 point to 49. NAHB Chief Economist Robert Dietz said that likely reflects expectations for lower mortgage rates.