Confidence Among U.S. Homebuilders Declines to Eight-Month Low

[Purveyor]

Source: Bloomberg

by Bloomberg News
10:00 AM EDT March 16, 2015

(Bloomberg) -- Confidence among U.S. homebuilders unexpectedly fell in March to an eight-month low as prospective buyers were in little rush to shop for properties ahead of the busier spring selling season.

The National Association of Home Builders/Wells Fargo sentiment gauge dropped to 53 from 55 in February, figures from the Washington-based group showed Monday. The median forecast in a Bloomberg survey called for a gain to 56.

Sales of single-family homes declined to a five-month low and builder optimism about the outlook failed to improve, the report also showed. Low mortgage rates and job creation may help spur homebuyer interest in coming months.

“Even with this slight slip, the HMI remains in positive territory and we expect the market to improve as we enter the spring buying season,” NAHB Chairman Tom Woods, a homebuilder from Blue Springs, Missouri, said in a statement.

Read more: http://www.bloomberg.com/news/articles/2015-03-16/confidence-among-u-s-homebuilders-declines-to-eight-month-low

[Wellstone ruled]

1. One reason,

if you want a 30 year fixed rate loan,can you guaranty you will be able to pay 100% of it back. Not,this is one of the benchmarks a home buyer faces. Also in the areas that were slammed during the Housing bust,these types of rules are enforced more stringently.

[IronLionZion]

2. Has anyone checked the quality of home building lately?

some of the new construction around here are facing lawsuits from shoddy workmanship or illegal/dangerous cost cutting practices.

I bought my first home in January. You best believe I paid for a thorough home inspection and took tons of pictures before closing. It was built 10 years ago during the housing bubble.