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Apr

18

Confidence Among U.S. Homebuilders Little Changed in April

By Tony Seruga

Better buyer traffic, outlook offset decrease in current sales
Economist optimistic mortgage rates, jobs will boost demand

Confidence among U.S. homebuilders was little changed in April, indicating the housing market lacked momentum as the spring selling season got under way.

The National Association of Home Builders/Wells Fargo builder sentiment gauge held at 58 this month, where its been since February, figures from the Washington-based group showed Monday. Readings greater than 50 mean more respondents report good market conditions…

Confidence Among U.S. Homebuilders Little Changed in April

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