Industry NewsMarkets & Economy

Builder confidence remains near record low

Index shows monthly decline in short-term sales outlook
Published on Mar 17, 2009

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by CareyBot

Builder confidence remained steady in March, according to the latest National Association of Home Builders (NAHB)-Wells Fargo Housing Market Index report released Monday.

A rating below 50 signals builders view sales conditions as poor -- the index stood at 9 for March -- it was the fifth straight month the overall index has held steady. The index hit a record low at 8 in January.