Wintry Weather Dings Home Builders’ Confidence
Home builders’ sentiment about the market for new single-family homes fell two points to 55 in February, according to the National Association of Home Builders/Wells Fargo Housing Market Index released yesterday.
Two of the index’s three components -- traffic of prospective buyers and current sales conditions -- declined in February, while future sales expectations held steady. The reading marks eight consecutive months above 50, a sign of modestly positive builder optimism in the housing market.
--ABA Daily Newsbytes
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