Pursuits
Confidence Among Homebuilders in U.S. Was Unchanged in January
- Optimism rebounds in Midwest, eases in West, Northeast
- Current sales rise, while prospective homebuyer traffic falls
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Confidence among U.S. homebuilders was unchanged at the start of year, indicating the residential real estate market was sustaining the steady progress made in 2015.
The National Association of Home Builders/Wells Fargo builder sentiment index held at 60 in January after the prior month was revised down a point, figures from the Washington-based group showed Tuesday. Readings greater than 50 mean more respondents reported good market conditions and this month’s gauge was in line with the average for all of 2015.