Steel Markets
October 16, 2014
NAHB Reports Drop in Builder Confidence
Written by Sandy Williams
Builder confidence fell five points to 54 in the October National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The decline follows four consecutive months of gains and a nine year high in September.
The index for current sales conditions slipped six points to 57 while expectations for future sales inched down three points to 64. The index gauging traffic of prospective buyers fell six points to 41.
