Mar
15
Confidence Among U.S. Homebuilders Holds at Nine-Month Low
By-
Improvement in buyer traffic offset by drop in sales outlook
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Builders in South, Northeast show gain in sentiment this month
Confidence among U.S. homebuilders held in March at a nine-month low as sales prospects waned, a sign the housing market may be struggling to accelerate as the spring-selling season approaches.
The National Association of Home Builders/Wells Fargo builder sentiment index was 58 this month, matching the February reading that was the weakest since May, figures from the Washington-based group showed Tuesday. Nonetheless, readings greater than 50 mean more respondents reported good market conditions…
Confidence Among U.S. Homebuilders Holds at Nine-Month Low
