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U.S. Homebuilder Confidence Drops More Than Expected In March

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Homebuilder confidence in the U.S. has deteriorated by slightly more than anticipated in the month of March, according to a report released by the National Association of Home Builders on Tuesday.

The report said the NAHB/Wells Fargo Housing Market Index fell to 72 in March after edging down to 74 in February. Economists had expected the index to dip to 73.

"Builder confidence remains solid, although sales expectations for the next six months dropped four points on economic uncertainty stemming from the coronavirus," said NAHB Chairman Dean Mon

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