Mumbai, March 18 -- A report released by the National Association of Home Builders on Monday showed a continued deterioration by U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in March after slumping to 42 in February. With the unexpected decrease, the housing market index dropped to its lowest level since hitting a matching reading last August. The decrease by the headline index came as the index gauging current sales conditions fell to 43 in March from 46 in February, hitting its lowest level since December 2023. The NAHB said the latest HMI survey also revealed that 29 percent of builders cut home prices in March, up from 26 percent in February.
Published by HT Dig...