Homebuilder optimism slips in May as housing reels from severe weather

05/16/2014 | Bloomberg · Hill, The · Star Tribune (Minneapolis-St. Paul, Minn.)

An index from the National Association of Home Builders/Wells Fargo showed that builder confidence slipped to 45 in May, down from 46 in April. The reading reflects a harsh winter, coupled with higher prices and tighter lending standards. However, builders may soon be more confident about the market "once job growth becomes more consistent," said David Crowe, chief economist of the NAHB.

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Bloomberg · Hill, The · Star Tribune (Minneapolis-St. Paul, Minn.)

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