The Traderszone Network

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

U.S. home builder sentiment slips in May: NAHB

U.S. homebuilder sentiment fell in May but still showed more builders view market conditions as favorable, the National Association of Home Builders said on Monday. The NAHB/Wells Fargo Housing Market index fell to 54 from 56 the month before, the group said in a statement. Readings above 50 indicate more builders view market conditions as favorable than poor. “Consumers are exhibiting caution, and want to be on more stable financial footing before purchasing a home,” NAHB Chief Economist David Crowe said in a statement.