Foreclosures Weigh on Builder Confidence in March

 

Here is a breakdown of the components: Current sales conditions declined two points to 15. Sales expectations in the next six months declined three points to 24. Traffic of prospective buyers declined two points to 10. - Photo Courtesy of Reuters

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Builder confidence in the market for newly built, single-family homes fell back two points to 15 in March as poor weather conditions and distressed property sales posed increasing challenges to both builders and buyers.

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