Breaking News Bar
updated: 3/18/2013 9:46 AM

U.S. builder confidence falls on weak supply, labor

hello
Success - Article sent! close
 
Associated Press

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.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

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.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here