Mon, Jun 15th, 2009
National home builder confidence dropped in a monthly report Monday that also showed sentiment among builders in the West rose.
The National Association of Home Builders/Wells Fargo Housing Market Index declined one point to 15 in June, but rose two points in the Western region to 14.
“The outlook for home sales has improved somewhat in recent months, due largely to implementation of the first-time home buyer tax credit and gains in housing affordability,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla.
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