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Homebuilder confidence in U.S. declines to three-month low

Posted on 20 September 2011

David CroweConfidence among U.S. homebuilders fell to a three-month low in September as prospective buyer traffic, sales and purchase expectations declined.
The National Association of Home Builders/Wells Fargo sentiment index dropped to 14 from 15 in the prior month, data from the Washington-based group showed today. Economists surveyed by Bloomberg News projected no change in the measure from August, according to the median forecast. Readings below 50 mean more respondents said conditions were poor……………………………………….Full Article: Source


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