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Home Builders Pessimistic About Sales Trends

Posted: March 3, 2014

According to an article on MarketWatch.com, “The National Association of Home Builders/Wells Fargo housing-market index rose one point to 47 this month.”

This is the second consecutive month that the index has been below its key reading level of 50 and shows that builders continue to have difficulties in finding lots & good labor help. Inconsistent weather also continues to be a point of concern for home builders.

Furthermore, “Builders face a variety of economic headwinds. New mortgage rules impact lenders and borrowers, and jobs have been growing in fits and starts in recent months. In addition, mortgage rates and home prices have been on the rise, cutting affordability.”

To read the full article, visit Home builders still pessimistic this month

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