Builder Confidence Declines Slightly in February
Washington, DC, Feb. 19, 2013 -- Home builder confidence declined in February, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
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It was the first decline since April, due mostly to economic uncertainty and strict lending standards.
The index ticked down to 46 in February from 47 in January. Analysts had expected a February result of 48.
Readings above 50 indicate more builders see sales conditions as good than poor.