The National Association of Home Builders released a report on Tuesday showing a slightly bigger than expected decrease in U.S. homebuilder confidence in the month of March.
The report said the NAHB/Wells Fargo Housing Market Index fell to 82 in March after inching up to 84 in February. Economists had expected the index to edge down to 83.
"Though builders continue to see strong buyer traffic, recent increases for material costs and delivery times, particularly for softwood lumber, have depressed builder sentiment this month," said NAHB Chairman Chuck Fowke.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.