NAHB Index Declines Tuesday, February 19, 4:01 PM ET
Builder confidence in the market for new single-family homes was virtually unchanged in February with a one-point decline to 46, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Economists expected the index to climb to 48.
The component of the index gauging sales expectations for the next six months increased by one point to 50, and the component gauging traffic of prospective buyers slipped four points to 32. Three-month moving averages for each region's housing market index score were mixed in February, with the Northeast up three points to 39 and the West up four points to 55 and the Midwest and South each down two points, to 48 and 47, respectively.
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