Homebuilder Confidence Tumbles To Lowest In 9 Months

Tuesday, February 16, 2016
By Paul Martin

by Tyler Durden

Current sales and buyer traffic tumbled in February for homebuilders who downgraded their confidence index to 58 (from 61) missing expctations and at its worst level since May 2015. While futures sales hope rose very modestly, NAHB shows buyer traffic plunged to its lowest since March 2015 with every region seeing weakness (most notably The West).

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