The Real Deal Miami

Homebuilder confidence continues to stumble

April 15, 2013 12:00PM


Home builder confidence tumbles

Builders of single-family homes are feeling less confidence these days as they deal with rising material costs and a shrinking number of developed lots, CNBC reported.

A monthly industry index by the National Association of Home Builders shows that confidence fell two points — the third consecutive monthly decline after steady gains throughout much of last year. [more]