Home builders' confidence wanes
Monday, March 18, 2013 2:18 PM
A gauge of confidence among home builders declined in March to the lowest level since October, hurt by weaker views on current sales of single-family homes, a trade group said today, MarketWatch reported. The National Association of Home Builders (NAHB)/Wells Fargo housing-market index decreased to 44 in March from 46 in February for a second month of declines. "In addition to tight credit and below-price appraisals, home building is beginning to suffer growth pains as the infrastructure that supports it tries to re-establish itself," said David Crowe, NAHB's chief economist. Read more.