Economics
Improvement in U.S. Homebuilder Sentiment Belies Cost Concerns
- NAHB builder confidence index increases by 1 point to 84
- Figure boosted by an increase in prospective buyer traffic
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Confidence among U.S. homebuilders improved slightly in February as the allure of low interest rates generated more prospective buyer traffic even as rising construction costs threaten to slow demand.
A gauge of builder sentiment rose to 84 from a January reading of 83, National Association of Home Builders data showed Wednesday. The figure was firmer than the median forecast of 83 in Bloomberg’s survey of economists.