Confidence among U.S. homebuilders fell this month because of concerns that limited land, building materials and labor will slow sales in the short term. But builders' outlook for sales over the next six months reached its strongest point in more than six years, suggesting the decline is temporary.
The National Association of Home Builders/Wells Fargo builder sentiment index fell to 44 from 46 in February. It was the second decline since January. Measures of customer traffic and current sales conditions both declined from February's reading.
Readings below 50 suggest negative sentiment about the housing market. The last time the index was at 50 or higher was in April 2006.
The index began trending higher in October 2011, when it was 17. That coincided with the start of a housing recovery.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.