Homebuilder confidence slips on rising material costs

Home builders were less confident in July due to a rising concern on the price of building materials. As all three of the Housing Market Index components fell, the market for newly built homes saw a decreasing confidence in the current and future sales conditions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s