The Traderszone Network

Published in TZ Latest News 18 May, 2015 by The TZ Newswire Staff

Confidence among homebuilders unexpectedly fell in May

The drop in confidence helps explain why builders such as D.R. Horton Inc. are trying to offer more lower-priced homes in a bid to attract customers waiting to see if the economy rebounds from a first-quarter slump. At the same time, construction chiefs became more optimistic about the future as still-low mortgage rates and an improving job market underpin the market.