Pursuits
Confidence Among U.S. Homebuilders Declines to Eight-Month Low
Why the Dip in Home Builder Sentiment?
This article is for subscribers only.
Confidence among U.S. homebuilders unexpectedly fell in March to an eight-month low as prospective buyers were in little rush to shop for properties ahead of the busier spring selling season.
The National Association of Home Builders/Wells Fargo sentiment gauge dropped to 53 from 55 in February, figures from the Washington-based group showed Monday. The median forecast in a Bloomberg survey called for a gain to 56.