India, Feb. 18 -- Homebuilder confidence in the U.S. has unexpectedly deteriorated in the month of February, according to a report released by the National Association of Home Builders on Tuesday.
The report said the NAHB/Wells Fargo Housing Market Index slumped to 42 in February after inching up to 47 in January. Economists had expected the index to come in unchanged.
"While builders hold out hope for pro-development policies, particularly for regulatory reform, policy uncertainty and cost factors created a reset for 2025 expectations in the most recent HMI," said NAHB Chairman Carl Harris.
"Uncertainty on the tariff front helped push builders' expectations for future sales volume down to the lowest level since December 2023," he added....