U.S. Homebuilder Confidence Fell in April to Three-Month Low
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Confidence among U.S. homebuilders fell in April to a three-month low, a sign the industry is still trying to gain its footing.
The National Association of Home Builders/Wells Fargo index of builder confidence decreased to 25 this month from 28 in March, the Washington-based group said today. Economists projected no change in the index, according to the median forecast in a Bloomberg News survey. Readings below 50 mean more respondents said conditions were poor.