Home Builders Less Confident as Consumers Are More Cautious

May 19, 2015

HousingWire reports that the NAHB/Wells Fargo Housing Market Index dropped two points to a level of 54 in May.

Despite the dip, builder confidence in the new home market remains above the 50-pont benchmark, and is a nine-point increase year-over-year.

According to NAHB Chief Economist David Crowe, consumers are exhibiting caution and want to be on more stable financial footing before purchasing a home.

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