Monday, April 15, 2013

Home-builder confidence lowest in six months

As goes home building so goes the economy.
WASHINGTON (MarketWatch) — A gauge of confidence among home builders fell in April for a third month of declines, hurt by weaker views on present sales of single-family homes and prospective-buyer traffic, according to the National Association of Home Builders/Wells Fargo housing-market index released Monday.
The overall builder-confidence index decreased to 42 in April from 44 in March, hitting the lowest level in six months.

Economists polled by MarketWatch had expected the overall builder-sentiment index to rise to 46 in April from 44 in March.

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