Tired of snow? Home builders are.
An index tracking builders’ confidence in the market for new single-family homes fell 2 points in February to 55, according to the National Association of Home Builders. You can blame snow for the drop, not weaker fundamentals, according to NAHB.
“Overall, builder sentiment remains fairly solid, with this slight downturn largely attributable to the unusually high snow levels across much of the nation,” said NAHB Chairman Tom Woods, a home builder from Blue Springs,… …read more