Homebuilder Confidence in U.S. Unexpectedly Fell in February
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Feb. 19 (Bloomberg) -- Confidence among U.S. homebuildersunexpectedly dropped in February from a more than six-year high,a sign the real-estate market will take time to accelerate.
The National Association of Home Builders/Wells Fargobuilder confidence index fell to 46 from January’s 47 thatmatched the highest reading since April 2006, a report from theWashington-based group showed today. The median forecast in aBloomberg survey of 50 economists called for a rise to 48.Readings lower than 50 mean more respondents said conditionswere poor.