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Homebuilder confidence in U.S. holds at highest since 2007

Posted on 20 March 2012

Barry RutenbergConfidence among U.S. homebuilders held in March at the highest level since June 2007 as sales expectations climbed for a sixth month. The reading of 28 in the National Association of Home Builders/Wells Fargo index of builder confidence was less than projected and followed a February figure that was lower than initially reported, figures from the Washington-based group showed.
The median forecast of economists surveyed by Bloomberg News called for a rise to 30. Readings below 50 mean more respondents said conditions were poor………………………………………..Full Article: Source


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