Pursuits
Confidence Among U.S. Homebuilders Declines to Nine-Month Low
- Gauge of prospective buyer traffic also at weakest since May
- Sentiment sours in all four regions with South at 11-month low
Housing Market: A New Reality for U.S. Real Estate
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Confidence among U.S. homebuilders dropped in February to a nine-month low as potential buyers stayed away, interrupting the steady progress residential real estate had built over the course of 2015.
The National Association of Home Builders/Wells Fargo builder sentiment index decreased to 58 in February from a revised reading of 61 the prior month, figures from the Washington-based group showed Tuesday. Readings greater than 50 mean more respondents reported good market conditions.