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VOL. 39 | NO. 11 | Friday, March 13, 2015

US homebuilder sentiment slips in March

Associated Press

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U.S. homebuilders are feeling slightly less confident in their sales prospects, even as their overall sales outlook remains favorable.

The National Association of Home Builders/Wells Fargo builder sentiment index slipped this month to 53, down two points from 55 in February. It's the third monthly decline in a row for the index.

Readings above 50 indicate more builders view sales conditions as good, rather than poor.

Builders' view of current sales conditions and traffic by prospective buyers declined. Their outlook for sales over the next six months held steady.

The latest reading is consistent with the NAHB's forecast for the U.S. housing market to continue to improve at a gradual pace this year.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0