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Article posted: 4/21/2013 8:26 AM

Rising costs weigh on U.S. homebuilder confidence

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A worker helps frame a new home under construction in Matthews, N.C. U.S. homebuilders are concerned that limited land and rising costs for building materials and labor will slow sales in the short term.

Associated Press

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U.S. homebuilders are concerned that limited land and rising costs for building materials and labor will slow sales in the short term. Still, their outlook for sales over the next six months climbed to the highest level in more than six years -- suggesting the obstacles could be temporary.
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