You are here

US homebuilder confidence down unexpectedly in May

Washington

CONFIDENCE among US homebuilders unexpectedly fell in May, reflecting cooling sales and slower buyer traffic, a sign the residential real-estate market will take time to gain momentum.

The National Association of Home Builders/Wells Fargo sentiment gauge dropped to 54

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom