Builder Sentiment Falls, but Conditions Still Seen as Favorable

Washington, DC, March 16, 2015—U.S. homebuilder sentiment declined for a third straight month in March, but more builders still view market conditions as favorable, says the National Association of Home Builders.

The NAHB/Wells Fargo Housing Index index fell to 53 from 55. Readings above 50 mean more builders view market conditions as favorable than poor.

Reuters reports that the drop in confidence is largely attributable to supply chain issues, such as lot and labor shortages as well as tight underwriting standards.

http://www.floordaily.net/Flooring-News/Builder_Sentiment_Falls_but_Conditions_Still_Seen.aspx

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s